ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has issued show-cause notices to the Oil Marketing Companies (OMCs) for their failure to ensure availability of petrol and to maintain prices at petrol stations.
Initial inspections conducted by Ogra revealed that retail outlets of some OMCs were intentionally involved in overcharging and black-marketing of petrol and diesel by supplying products to illegal sale points.
The Ogra has taken notice of such malpractices and has decided to take action against the OMCs/petrol pump owners involved in such activities.
The regulator has also written to the chief secretaries of all provinces to issue necessary instructions to the DCOs for a strict check on overcharging at petrol outlets.
It has also asked the provincial departments to take stern action against illegal outlets selling petrol on higher prices.
The Ogra has also announced to conduct surprise inspections at petrol pumps in Punjab to ensure that they are not involved in overcharging.
Talking to Dawn, an official of Ogra said that the shortage has been created after Parco plants shutdown due to floods.
“The regions of central and southern Punjab, D. I. Khan and some parts of Balochistan are fed by Parco,” the official said and expressed confidence that the situation would ease in the coming days as Parco has started producing petrol up to 1,800 tons daily.
Ogra is taking strict measures to see that the smaller companies also establish storage facilities that would ensure fuel availability on all days.
Under the licence to form an OMC, the companies are required to have 20 days of storage facility and if companies fail to establish storage depots, their marketing licences could be cancelled, Ogra sources warned.