OGRA allows GOPL to set up 1475 oil outlets

Aftab Ahmed

Islamabad: Oil and Gas Regulatory Authority (OGRA) has allowed M/S Gas and Oil Pakistan Limited (GOPL) to expand its network across the country by allowing to establish 1473 retail outlets of oil.

Gas & Oil Pakistan, is the fastest growing Oil Marketing Company (OMC) and currently owns a network of over 800 retail outlets in Pakistan. It is providing Petrol, Diesel, and Lubricants.

Ogra has permitted it to establish 1075 retail outlets of oil in Punjab including Islamabad.

The regulator allowed to establish 290 retail outs in Sindh, 68 Baluchistan, and 40 in Khyber-Pakhtunkhwa (KPK). The company receives permission after it developed storage across the country.

GOPL has built storage of 43012 metric tons oil in Punjab, 11600 metric tons Sindh, 2724 metric tons Baluchistan, and 1600 metric tons storage in KPK.

Ogra said that GOPL has built a minimum storage capacity of 20 days stock. Therefore, it has fulfilled the requirement of the policy. During recent months, it has witnessed a sharp growth in its business by setting up retail outlets.

The GOPL had sold over 71000 metric tons of petroleum during the month of June. It also sold around 70,000 metric tons of high-speed diesel during last month.

The GOPL is a fast-growing company. It will witness further growth in its business after the regulator allows it to set up 1473 retail outlets across the country.

In addition to it, Gas & Oil Pakistan has announced electric vehicle charges.

This is the first company in the private sector that has installed the first of the charges at GO Company owned & company-operated (COCO) retail outlet in Lahore.

The company has also planned to install more electric vehicle charges at other retail outlets on highways and motorways across Pakistan.

With the installation of new retail outlets in the country, the company will be capturing more market share of oil. At present, Pakistan State Oil (PSO) is a state-run company that captures more market share.