Pakistan State Oil (PSO) is now the country’s only importer of high-speed diesel (HSD) for the 2026-27 fiscal year. The government has banned private oil marketing companies (OMCs) from bringing in diesel. This big policy change aims to keep fuel supplies steady and protect the economy.
Diesel powers trucks, buses, tractors, and factories. It is very important for transport, farming, and industry. By giving full control to PSO, the state-owned company, the government wants better management of imports, especially when global oil prices are high and there are risks in the Strait of Hormuz.
Private companies can still import petrol, but they need approval from the Oil and Gas Regulatory Authority (OGRA) based on their past sales. PSO will also sign long-term deals, such as with OQ Trading of Oman, to ensure safer supplies.
This move gives PSO greater responsibility to meet national demand and control costs. It may help reduce pressure on foreign exchange reserves. However, some worry it creates a monopoly that could affect competition.
Experts say strong oversight by PSO is key for fuel security. As Pakistan faces economic challenges, this step shows how state companies play a big role in keeping energy supplies reliable for daily life and growth.