Pakistan State Oil

Pakistan State Oil (PSO)
Native name
پاکستان ریاستی تیل
Company typePublic
PSX: PSO
KSE 100 component
KSE 30 component
IndustryOil and gas
Predecessor
  • National Oil
  • Dawood Petroleum Limited
  • Premier Oil Company Limited
  • State Oil Company Limited
Founded1 January 1974 (1974-01-01);
30 December 1976 (as PSO)[1]
Headquarters
Karachi[1]
,
Pakistan
Area served
Pakistan
Key people
ProductsMotor gasoline (Mogas), high-speed Diesel (HSD), furnace oil (FO), jet fuel (JP-1), kerosene oil, Compressed natural gas (CNG), petrochemicals and lubricants
RevenueIncrease Rs. 3.39 trillion (US$12 billion)[2] (2023)
Decrease Rs. 24.36 billion (US$84 million)[2] (2023)
Decrease Rs. 5.66 billion (US$20 million)[2] (2023)
Total assetsIncrease Rs. 983.39 billion (US$3.4 billion)[2] (2023)
Total equityIncrease Rs. 216.56 billion (US$750 million)[2] (2023)
Number of employees
2,222[2] (2023)
ParentGovernment of Pakistan (22.47%)[3]
Subsidiaries
  • PSO Venture Capital
  • PSO Renewable Energy
  • Cerisma
  • Pakistan Refinery Limited (63.56%)
  • Asia Petroleum Limited (49%)
  • Pak-Grease Co. Limited (22%)
Websitepsopk.com

Pakistan State Oil (Urdu: پاکستان ریاستی تیل) is a Pakistani petroleum corporation involved in marketing and distribution of petroleum products.[4] It has a network of 3,689 petroleum filling stations, out of which 3500 outlets serve the public retail sector and 189 outlets serve wholesale bulk customers. Pakistan State Oil is Pakistan's largest fuel marketing company.[1][5][4][6]

  1. ^ a b c Company profile of Pakistan State Oil on Forbes.com website Retrieved 14 September 2020
  2. ^ a b c d e f "PSO Annual Report 2023" (PDF). psopk.com. Retrieved 29 November 2023.
  3. ^ "Pakistan State Oil Company Limited". psopk.com.
  4. ^ a b Saad Hasan (2 May 2015). "At the helm: Engro Elengy's Haque takes up reins of Pakistan State Oil". The Express Tribune (newspaper). Retrieved 14 September 2020.
  5. ^ "Pakistan State Oil (PSO): FY20 scarred by inventory losses". Business Recorder (newspaper). 2 September 2020. Retrieved 14 September 2020.
  6. ^ Pakistan State OIl – The Market leader with a vision Business Recorder (newspaper), Published 3 May 2004, Retrieved 14 September 2020