Pakistan State Oil Company Limited (PSOCL), operating as PSO, is a Karachi-based, state-owned energy company of Pakistan. Founded in 1976, the company has since established itself as one of the leading players in the oil and gas industry. As of 2024, it maintains a network of 3,580 retail outlets, nine installations, 19 depots, refueling facilities at 14 airports, and operations at two major seaports of the country. It also has the country’s largest storage capacity of 1.24 million ton. PSO supplies fuel to 3 million customers daily, and holds a market share of 51.6% in Pakistan's downstream oil market.[4][5][6][7]
History
PSO's history dates back to 1 January 1974, when the Government of Pakistan took control of Pakistan National Oil (PNO) and Dawood Petroleum Limited. These entities merged to form the Premier Oil Company Limited (POCL) under the Federal Control Act 1974.[8]