Islamabad, Sep 26: Attock Petroleum Limited (PSX: APL) is making significant strides in the electric vehicle (EV) market by establishing EV charging facilities across its retail outlets. In its annual report for the financial year 2023-24, the company emphasized that this expansion of the EV charging network will not only help combat climate change but also support green business initiatives by reducing its overall carbon footprint.
APL is focusing on expanding its DC Fast Electric Vehicle Charging network, particularly at motorway service areas, which will enhance accessibility for EV users. The company has already installed and commissioned an EV charger at Islamabad Club and Garrison Filling Station, with upgrades to the facility at Hassan Petroleum, Blue Area, Islamabad.
In addition to its efforts in the EV sector, APL is diversifying its revenue streams by venturing into the Liquefied Petroleum Gas (LPG) business, with the completion of an LPG storage facility in Rawalpindi expected by the end of 2024. The company is also investing heavily in expanding and enhancing its Bulk Oil Storage Terminals nationwide.
The principal activities of APL include the procurement, storage, and marketing of petroleum and related products. As of the latest market update, APL’s stock was trading at Rs. 419.19, reflecting an increase of 1.13 percent or Rs. 4.7, with a trading volume of 1,519 shares on Thursday.
This strategic move into the EV market and diversification into LPG highlights APL’s commitment to innovation and sustainability in response to the evolving energy landscape in Pakistan.
