February 2, 2021 (MLN): Hi-Tech Lubricants, in a notification issued to PSX on Tuesday, has informed that its 20th Fuel Station which was successfully opened under the OMC Project of the company in the province of Punjab-Pakistan, has become operational today i.e., February 2, 2021.
In its Annual Report issued on October 1, 2020, the company had stated its HTL Fuel stations in various cities of Punjab Province will shortly reach to twenty-six.
The Company is also expediently working to complete the construction of its Nowshera Oil storage depot, which is near to completion. Once completed, the Company will start the marketing and sale of petroleum products in Khyber Pakhtunkhwa province, which will lead the Company to operate thirty-five HTL Fuel Stations in Khyber Pakhtunkhwa Province.
The Company is actively planning to extend its Sahiwal Oil storage depot; due to this overall limit on number of HTL Fuel stations would be enhanced by fifteen to twenty in Punjab Province. In order to safeguard continuous uninterrupted supply of petroleum products the Company also plans to build its storage near the oil pipeline system under joint arrangements with other Oil Marketing Companies.
