News Updates

PM orders revocation of licenses of companies involved in the petrol crisis

ISLAMABAD: An investigation report on the petrol crisis has been submitted to Prime Minister Imran Khan in which nine oil marketing companies have been held responsible for creating an artificial crisis and the Prime Minister has issued an order to revoke the licenses of the companies involved. ۔

The report said that 9 oil marketing companies deliberately created a crisis, the Prime Minister directed action against the companies and those involved in the petrol crisis and revoked the licenses of the companies, arrested and stored those involved. Ordered to supply in the petrol market.

According to the contents of the report received by the Express, the committee High school Visited oil depots of PMC companies and inspected reserves. All the companies had abundant reserves of petrol.

The report said that notices of reasons should be issued to the companies involved in the artificial shortage of oil. If the oil supply does not improve within a month, the license should be revoked. 9 oil marketing companies deliberately created a crisis. The report said that DG Oil Dr. Shafi Afridi and Petroleum Division officers failed to fulfill their responsibilities.

The Prime Minister said that the petrol crisis would not be tolerated under any circumstances, the licenses of the companies involved in the crisis should be suspended and revoked, all oil marketing companies should be required to ensure 21 days stockpile.

The court of Chief Justice Islamabad High Court Atharmanullah has issued notices to the Ministry of Energy, OGRA, Fuel Crisis Committee, and FIA for a reply to the petition against the government’s action on the issue of stockpiling of petroleum products.

During the hearing on Thursday, Chief Justice Atharmanullah said that the oil companies had to be notified by the inquiry committee when the notice was given by the FIA. The court exercised restraint in the powers of the executive, OGRA and FIA were included in the committee. Then how will they see the case later?

Oil company lawyer Abid Saqi said that on June 8, the federal minister formed the committee to take action against petrol hoarding. Under the OGRA ordinance, the federal minister cannot form such a committee. OGRA is the regulator. He said that there was no provision in the law for the Federal Minister to form such a committee.
The petitioner contended that it was also illegal for the FIA ​​to include oil companies in the committee for harassment. It is also a conflict of interest for the PSO to be a member of the committee as it is a competitive company.

The Chief Justice inquired whether any notice had been received by the petitioner company. The lawyer replied that on June 12 the FIA ​​had sent a summons to the CEO of my company, on which the court inquired whether the federal government had constituted the committee. Or the federal minister? The petitioner’s counsel said that the committee was constituted by the Federal Minister and not the Federal Government. The court issued notice to the parties and adjourned the hearing till June 25.

Leave a Reply

Your email address will not be published. Required fields are marked *