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Pakistan State Oil information


Pakistan State Oil (PSO)
Native name
پاکستان ریاست تیل
Company typePublic
Traded as
PSX: PSO
IndustryOil and gas
FoundedJanuary 1, 1974 (1974-01-01);
30 December 1976 (as PSO)[1]
Headquarters
Karachi[1]
,
Pakistan
Area served
Pakistan
Key people
  • Asif Baigmohamed (Chairman)
  • Syed Muhammad Taha (CEO)
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)
Operating income
Decrease Rs. 24.36 billion (US$84 million)[2] (2023)
Net income
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)
Subsidiaries
List
  • Asia Petroleum Limited
    Pak-Grease Co. Limited
    Pakistan Refinery Limited
    PSO Venture Capital (Pvt) Ltd
    PSO Renewable Energy (Pvt) Ltd
    Cerisma (Pvt) Ltd
Websitewww.psopk.com

Pakistan State Oil ( پاکستان ریاست تیل); reporting name: PSO) is a Karachi-based Pakistani state-owned petroleum corporation involved in marketing and distribution of petroleum products.[3] 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][4][3][5]

  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. ^ 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.
  4. ^ "Pakistan State Oil (PSO): FY20 scarred by inventory losses". Business Recorder (newspaper). 2 September 2020. Retrieved 14 September 2020.
  5. ^ Pakistan State OIl – The Market leader with a vision Business Recorder (newspaper), Published 3 May 2004, Retrieved 14 September 2020

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