Pakistan Fuel Shortage: Pakistan is experiencing its most severe economic crisis in recent history. However, another blow may hit Islamabad soon as it is staring at an oil crisis, according to a latest news report. The country’s Petroleum Division has called upon the Chairman of the Oil and Gas Regulatory Authority (Ogra) to initiate regulatory measures against OMCs operating outlets facing shortages in order to address the situation., Economy News, Times Now
The Pakistan government is concerned about a potential oil crisis as some retail outlets of oil marketing companies (OMCs) have been found to be dry in certain locations. The Petroleum Division has called on the Oil and Gas Regulatory Authority (Ogra) to take action against these companies.
A Pakistani minister said Islamabad and Moscow have agreed on a lot of matters, adding that Islamabad will place its first order for the crude oil next month, while it may take around 26-27 days for the consignment to reach the cash-strapped country