ISLAMABAD: Pakistan State Oil (PSO) and Pakistan Railways on Wednesday signed Fuel Supply Agreement under which PSO will meet Railways’ all fuel requirements.
The agreement was signed by General Manager Lubricants & Chemicals PSO Qasim Zaheer and Chief Controller of Purchase Pakistan Railways in Islamabad on Tuesday.
Minister Railways Khawaja Saad Rafique, Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi, Secretary Petroleum & Natural Resources Sikander Sultan Raja, Managing Director PSO Sheikh Imran-ul-Haque and various other senior executives from both the organizations were also present on the occasion.
Khawaja Saad Rafique said Pakistan Railways was working for long term agreements with big national and international suppliers to make the system effective.
“The Fuel Supply Agreement between Pakistan Railways and PSO is not only cost effective but also help to reduce the repetition of work,” he said.
Minister for Petroleum and Natural Resources Shahid Khaqan Abbassi said cooperation between Pakistan Railways and PSO will be further bolstered in future.
In the year 2017-18 alone, Pakistan State Oil will supply Pakistan Railways with approximately Rs.15 billion worth of petroleum products which translates roughly to around 180 million liters of fuel and 3.5 million liters of lubricants.
PSO has put forth and offered these significantly superior quality fuels, lubricants and greases at the most economical of packages to Pakistan Railways for their entire range of engines and machineries at all locations nationwide.
MD PSO said, “Not only will PSO be providing Pakistan Railways with unmatched quality and quantity of fuels and lubricants, but it will also be providing them a hassle-free one-window solution for their entire fuel and lubricant requirements.”