Cases lodged against two oil firms for hoarding, black marketing of fuel
By Web Deskupdated : 4 months ago
KARACHI: 11, JUNE, 2020: A case has been lodged against two of the oil firms over creating artificial fuel shortage and for hoarding and black marketing of petrol in Karachi on Thursday.
The case was registered on the complaint of Member Fuel Crisis Committee, Muhammad Qasim at Karachi's Jackson police station.
According to sources in Islamabad, Petroleum Division has approached local administration of Karachi to register cases against Hascol Pakistan Limited (HPL) and Gas and Oil (GO) Pakistan Limited for allegedly involved in hoarding and black marketing of petroleum products.
Earlier, the government had constituted a committee headed by a representative of the Federal Investigation Agency (FIA) to investigate petrol crisis.
The committee will look into the causes of alleged hoarding and black marketing behind petroleum products by oil marketing companies (OMCs).
A notification has also been issued in this regard.According to the notification, the committee will be headed by FIA's Directorate General (DG) Oil Shafi-ur-Rehman Afridi, which will comprise representatives of the local administration and Pakistan State Oil (PSO).
The committee will review the supply of the petroleum products to the public at petrol pumps.
The marketing licenses of oil companies involved in hoarding may also be revoked.
Minister for Power and Petroleum Omer Ayub has said that in a video conference which was held on Monday, there is no shortage of petrol, diesel and kerosene oil in the country.
Other stakeholders such as Ogra and OMCs attended the video conference to address demand and supply challenges.
He said at present the country has petrol reserves for ten days. In the next two or three days, two tankers of sixty-five thousand metric tons will dock at our ports.
He said the FIA had been given instructions to check the stocks of all oil marketing companies.
In addition the administration has been directed to seal and cancel the licenses of those petrol pumps not selling the fuel.
Oil Companies Advisory Council has said that consumers should refuel their vehicles as usual and not to make extra purchases.
Between July 2019 and May 2020, the average sale of petrol was about 600,000 metric tons per month.
In the first six days of June 2020, sales increased by 30,000 metric tons.
The meeting decided to form a committee to verify stock availability and identify black marketing and hoarding by the OMCs.
It concluded that the government would take strict action against the dealers involved in overcharging and hoarding. (04)
Cases lodged against two oil firms for hoarding, black marketing of fuel
By Web Deskupdated : 4 months ago
KARACHI: 11, JUNE, 2020: A case has been lodged against two of the oil firms over creating artificial fuel shortage and for hoarding and black marketing of petrol in Karachi on Thursday.
The case was registered on the complaint of Member Fuel Crisis Committee, Muhammad Qasim at Karachi's Jackson police station.
According to sources in Islamabad, Petroleum Division has approached local administration of Karachi to register cases against Hascol Pakistan Limited (HPL) and Gas and Oil (GO) Pakistan Limited for allegedly involved in hoarding and black marketing of petroleum products.
Earlier, the government had constituted a committee headed by a representative of the Federal Investigation Agency (FIA) to investigate petrol crisis.
The committee will look into the causes of alleged hoarding and black marketing behind petroleum products by oil marketing companies (OMCs).
A notification has also been issued in this regard.According to the notification, the committee will be headed by FIA's Directorate General (DG) Oil Shafi-ur-Rehman Afridi, which will comprise representatives of the local administration and Pakistan State Oil (PSO).
The committee will review the supply of the petroleum products to the public at petrol pumps.
The marketing licenses of oil companies involved in hoarding may also be revoked.
Minister for Power and Petroleum Omer Ayub has said that in a video conference which was held on Monday, there is no shortage of petrol, diesel and kerosene oil in the country.
Other stakeholders such as Ogra and OMCs attended the video conference to address demand and supply challenges.
He said at present the country has petrol reserves for ten days. In the next two or three days, two tankers of sixty-five thousand metric tons will dock at our ports.
He said the FIA had been given instructions to check the stocks of all oil marketing companies.
In addition the administration has been directed to seal and cancel the licenses of those petrol pumps not selling the fuel.
Oil Companies Advisory Council has said that consumers should refuel their vehicles as usual and not to make extra purchases.
Between July 2019 and May 2020, the average sale of petrol was about 600,000 metric tons per month.
In the first six days of June 2020, sales increased by 30,000 metric tons.
The meeting decided to form a committee to verify stock availability and identify black marketing and hoarding by the OMCs.
It concluded that the government would take strict action against the dealers involved in overcharging and hoarding. (04)
