Fuel Reserves Soar: 49 Days of Diesel Cover Secures September

By Newztoday: With a solid 771,000 metric tons of high-speed diesel in reserve, the country is sitting on a fuel stockpile large enough to power through the next 49 days without breaking a sweat.

But what does this mean for our economy, especially with no urgent need to import more and risk depleting our precious foreign exchange reserves? Here’s why the country’s HSD stocks are a game-changer for September and beyond.Opinion: Attock Refinery’s Strategic 55 Billion Land Utilization to Fuel Growth

As of August 26th, the total high-speed diesel (HSD) stocks in the country stand at an impressive 771,000 metric tons. Given the average daily sale of 15,600 metric tons, this equates to an ample 49 days of supply.

With the required stock levels typically covering just 20 days, the current reserves are more than sufficient to comfortably sustain the country through the entirety of September.

The nation’s refineries, which meet approximately 90% of the country’s demand, are bolstered by this significant stockpile. Consequently, there is no pressing need for additional imports of HSD in the near future, a move that would otherwise place unnecessary strain on the country’s already limited foreign exchange reserves.

This stockpiling strategy, alongside robust domestic production, effectively safeguards the country against any supply shortfalls and ensures that resources are managed prudently.