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OGRA issues show cause notices to three oil marketing companies

OGRA has issued show cause notices to three oil companies for non-supply of petroleum products in the market.

A preliminary report on the stocks of oil marketing companies has been submitted to OGRA by the Hydrocarbon Development Institute of Pakistan, a subsidiary of the Petroleum Division.

OGRA said that according to the report, some companies have good oil stocks in the southern part of the country while some of them have low oil stocks in the central and upper regions.

 The report said that some oil marketing companies have very few stocks of petroleum products, which threatens the continuity of oil supply.

OGRA said that these companies were not fully supplying petroleum products to retail outlets and in this situation the supply of oil in the market was disrupted.

After reviewing the report, OGRA has issued show cause notices to three oil marketing companies seeking response within 24 hours.

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