In June 2009, the National Accountability Bureau (NAB) furnished to the Justice Bhagwandas Commission a report on alleged wrongdoings by government functionaries and the oil industry that caused losses of over Rs83 billion in five years.
The NAB report that covered the petroleum pricing mechanism between June 2001 and June 2006 was originally submitted to the then president Gen Pervez Musharraf and prime minister Shaukat Aziz on June 13, 2006 by the then NAB chairman Lt-Gen (retd) Shahid Aziz. The report was never made public, but Gen Aziz was immediately shown the door unceremoniously.
The report observed that “It is sufficiently evident that (functionaries in the) Ministry of Petroleum in collusion with the Oil Companies Advisory Committee (OCAC), oil industry and oil marketing companies (OMCs) have engaged themselves in corrupt practices for generating colossal undue financial gains for refineries and OMCs at the cost of public and economy as a whole”.