Amid a nationwide strike by petroleum dealers, oil companies were expected to ensure that their company-owned company-operated (COCO) pumps remain operational. However, fewer than expected pumps were seen open on Thursday morning and companies were charting out their plans. While the state-run Pakistan State Oil (PSO) and the largest private oil company Shell Pakistan opened their COCO pumps, other companies including Hascol, Total Parco, and Go were less responsive to the situation. The Oil and Gas Regulatory Authority (Ogra) on Wednesday instructed oil companies to ensure supply after the Pakistan Petroleum Dealers Association (PPDA) announced that it would go ahead with its strik.
Amid a nationwide strike by petroleum dealers, oil companies were expected to ensure that their company-owned company-operated (COCO) pumps remain operational. However, fewer than expected pumps were seen open on Thursday morning and companies were charting out their plans. While the state-run Pakistan State Oil (PSO) and the largest private oil company Shell Pakistan opened their COCO pumps, other companies including Hascol, Total Parco, and Go were less responsive to the situation. The Oil and Gas Regulatory Authority (Ogra) on Wednesday instructed oil companies to ensure supply after the Pakistan Petroleum Dealers Association (PPDA) announced that it would go ahead with its strik.
The Pakistan Petroleum Dealers Association (PPDA) has called a nationwide strike on November 25 to protest selling fuel at a “low-profit margin” as a result of which people panicked and rushed to petrol pumps out of fear of a shortage.
Crackdown intensified against smuggled petroleum products
Illicit petroleum trade is causing a whopping loss of Rs150-240b to national kitty
The Zulfikarabad Oil Tankers Terminal will be operational with effect from December 12. PHOTO: FILE
LAHORE:
Pakistan Customs has launched a crackdown against smuggled, substandard petroleum products being sold across the country, identifying and sealing 476 out of a total 2,224 petrol pumps so far.
In the nationwide raids, officials have seized more than 1.73 million litres of petrol and more than 1.87million litres of diesel, informed sources. The total value of the confiscated petroleum products is said to be Rs497.37 million, while the tally is susceptible to rise in the coming days.