ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has decided to activate 22 enforcement teams aimed at inspecting oil depots across the country and ending the artificial fuel shortage.
OGRA spokesman said the teams of the regulatory body along with the experts of Hydrocarbon Development Institute of Pakistan (HDIP) will inspect all oil depots across the country to check the availability of fuel stocks and violations will be dealt with according to law.
He said OGRA is aware of the situation and monitoring the developments. Oil companies have been strictly advised to supply fuel on their outlets immediately and strict action will be taken against hoarders and price manipulators.
Yesterday, the federal cabinet took serious note of the petrol shortage in the country. Prime Minister Imran Khan directed that punitive action must be taken against all those responsible for the shortage.
The cabinet noted that OGRA and Petroleum Division have the legal authority to physically enter and inspect oil companies’ storage facilities. The cabinet directed Petroleum Ministry to form joint raiding teams comprising of representatives of Petroleum Division, OGRA, FIA and district administrations.
READ MORE: PM Imran takes notice of petroleum shortage
The teams shall inspect all petrol depots and storage facilities and have the authority to enter any site. Anyone found involved in hoarding shall face full force of law including arrest and forced release of such storage.
It was decided that any company found not maintaining the mandatory stocks and supply to its outlets, as per their license, shall face punitive actions, including suspension and cancellation of license and heavy fines.
The prime minister directed that the Petroleum Division and OGRA to take all actions necessary to ensure regular supplies within two days.
Ministry of Energy informed the cabinet that total supplies in June last year were 650,000 metric tons while supplies arranged for June 2020 are 850,000 metric tons.
The federal cabinet urged the public not to engage in panic buying and said that stocks that are being hoarded will be identified and ensured to be available in the market and action taken against hoarders.
The prime minister directed the Minister of Petroleum and OGRA to ensure that every Oil Marketing Company (OMC) maintains 21 days stock to meet its license conditions.
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