Petroleum division has rejected the baseless news regarding shortage of petrol and diesel in the country.

In a press release issued on Tuesday, the Petroleum division clarified that there are sufficient stocks of petrol and diesel to fulfill country's need and news circulating in this regard is baseless and contrary to facts.

It said as per stock position of Oil Companies Advisory Council, the petrol stocks are around 550,000 Metric Tons which is sufficient for 21 days while diesel stocks are 438,000 Metric Tons which is adequate for 15 days.

The press release noted that Pakistan State Oil's planned import of diesel for the month of November 2022 is around 220,000 metric Tons out of which one cargo is on the way to Karachi and is expected to arrive on 12th of this month while cargoes of other Oil Marketing companies are in line to meet the country's planned demand.