Karachi: Sitara Petroleum Service Limited (PSX: SPSL) has issued a statement to clarify its business model and operational scope, emphasizing its position within the industry. The company, in a report dated June 29, 2026, highlighted that it is not categorized as an Oil Marketing Company (OMC).

SPSL operates a network of retail fuel stations across the nation as an authorized dealer. Unlike OMCs, the company does not engage in the import or procurement of petroleum products from refineries. Consequently, Price Differential Claims (PDCs), which are relevant to OMCs, do not apply to SPSL. The company has categorically confirmed that it has no outstanding PDCs.

According to information available from the Pakistan Stock Exchange (PSX), SPSL has reiterated its commitment to maintaining high standards of corporate governance, transparency, and regulatory compliance. The company has assured that there are no ongoing inquiries or investigations by any Law Enforcement Agency (LEA) or regulatory authority concerning these matters.

SPSL continues to urge investors and stakeholders to rely solely on information disseminated through its official communication channels and the PSX, ensuring that all communicated data is accurate and reliable.