Sitara Petroleum Service Limited
PPSX:SPSL13.86
PKR
-0.48
(-3.35%)
Sitara Petroleum Service Limited
PSX:SPSL
(Pakistan Stock Exchange)
Recent
price
13.86
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Sitara Petroleum Service Limited is a Pakistan-based logistics and transport services company primarily engaged in the bulk transportation, haulage, and supply chain management of petroleum products, chemicals, and industrial commodities. The company provides a comprehensive portfolio of specialized logistics solutions, which includes bulk petroleum transportation services, encompassing the haulage of high-speed diesel, motor gasoline, furnace oil, aviation fuels, liquefied petroleum gas, and kerosene; hazardous chemical transport services, comprising the specialized handling and carriage of liquid caustic soda, hydrochloric acid, sodium hypochlorite, and other industrial liquid chemicals; integrated fleet management and logistics services, featuring real-time satellite GPS tracking, automated route scheduling, and in-transit cargo security monitoring; and vehicular maintenance and safety services, delivering certified tank calibration, preventative mechanical maintenance, and regulatory safety compliance inspections. Sitara Petroleum Service Limited primarily serves national and multinational oil marketing companies, oil refineries, industrial chemical manufacturers, power generation complexes, and commercial distributors throughout Pakistan, maintaining extensive transit operations across Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan. Founded in 1984 and headquartered in Faisalabad, Pakistan, the company plays a vital role in the country's overland energy distribution network. In recent operational developments, Sitara Petroleum Service Limited has advanced fleet modernization initiatives by integrating upgraded high-capacity tank lorries equipped with enhanced electronic tracking and anti-theft monitoring systems to optimize operational reliability and minimize transit losses. Furthermore, the company has expanded its multi-year transportation contracts with major domestic oil marketing partners, strengthened its dedicated fleet allocation for hazardous chemical transport in alignment with tightened environmental and safety regulations, and re-engineered its logistics scheduling to accommodate expanding retail automotive fuel distribution networks nationwide.