Diesel Archives - Page 2 Of 3

Government to Take Action Against 9 OMCs

June 19, 2020 - by UsmanAnsari - 1 Comment

Prime Minister Imran Khan has ordered action against 9 oil market companies (OMCs) including cancellation of their licenses and the arrest of their officials after an inquiry body found them involved in deliberately creating a petrol shortage in the country by hoarding the fuel

OCAC Blames Bureaucracy for Fuel Shortage

June 15, 2020 - by UsmanAnsari - Leave a Comment

Oil companies and refineries have blamed the bureaucracy for current petrol shortage in the country, saying the indecision regarding import as well as enhancing local petrol production led to the current situation.

OGRA Penalizes 6 OMCs for Petroleum Shortages

June 12, 2020 - by UsmanAnsari - 6 Comments.

The Oil and Gas Regulatory Authority (OGRA) has held 6 major oil marketing companies (OMCs) responsible for petroleum shortage across the country and imposed on them a cumulative fine of Rs 40 million.

Government Blame Mafias for Creating another Crisis

June 10, 2020 - by UsmanAnsari - 1 Comment

With no signs of betterment in the ongoing acute petroleum shortage in the country, the government on Monday has blamed ‘mafias’ for creating another crisis and constituted a committee to probe “the element of hoarding and black marketing”.

Petrol Pricing in Pakistan Likely to be Deregulated

June 8, 2020 - by UsmanAnsari - 3 Comments.

The government has decided to “completely deregulate” petrol pricing & marketing and do away with country-wide uniform pricing mechanism.

Government Accuses OMCs for Artificial Shortage & Illegitimate Profiteering

June 7, 2020June 8, 2020 - by UsmanAnsari - 1 Comment

Amid aggravating petroleum shortage across the country, the government has accused the oil marketing companies (OMCs) and their retailers for creating artificial shortage for profit maximization.