Oil marketing companies have submitted a reply to the Oil and Gas Regulatory Authority’s (OGRA) show-cause notice on non-supply and shortage of petroleum products.
In their response to the OGRA show-cause notice, Oil marketing companies have said that the decline in the availability of petroleum products was due to the decision of the Ministry of Petroleum.
The companies have taken the position that imports were stopped in March and in April, there were repeated requests to import oil products, but the agreed imports were also cancelled and the lowest price could not be availed due to non-opening of imports in April.
Yesterday, OGRA has issued show-cause notices to oil marketing companies (OMCs) seeking a response within 24 hours due to a shortage of supply of petroleum products in the country.
OGRA also informed the Chief Secretaries of the four provinces, Gilgit and Azad Kashmir in a letter that the shortage of petroleum products was being reported in electronic and print media at the petrol pumps of licensed OMCs. The people are facing difficulties.
It said that in the light of the directives of the Ministry of Energy, OGRA had already directed OMCs to ensure availability of petroleum products.
OGRA said that in view of the current situation, the concerned District Coordination Officers (DCOs) would be directed to take action against the petrol pumps involved in hoarding under their purview under the Price Control and Prevention of Profiteering and Hoarding Act, 1977.