Top Story
December 24, 2020
ISLAMABAD: Despite the ban on oil imports imposed by the government, it is now clear that six oil carrying vessels belonging to the private Oil Marketing Companies (OMCs) docked at Karachi Port and decanted oil during the so-called embargo.
An inquiry commission formed by the government to probe the acute shortage of petroleum products concluded that despite the OMCs’ hue and cry about the ban, the embargo is not the actual reason for the unparalleled fuel shortage in June this year.
The commission said consumers had to pay a lot for the failure of the Ministry of Energy, Petroleum Division (MoEPD). The lifting of the import ban in the end of April coincided with the gradual rise of international prices of petroleum products. The months of May and June witnessed the duplicity of certain OMCs which imported oil but hoarded or slowed down the supply to their retail outlets till the government increased the prices on June 26. General consumers, thus, w
Top Story
December 24, 2020
ISLAMABAD: Despite the ban on oil imports imposed by the government, it is now clear that six oil carrying vessels belonging to the private Oil Marketing Companies (OMCs) docked at Karachi port and decanted oil during the so-called embargo.
An inquiry commission formed by the government to probe the acute shortage of petroleum products concluded that despite the OMCs’ hue and cry about the ban, the embargo is not the actual reason for the unparalleled fuel shortage in June this year.
The commission said consumers had to pay a lot for the failure of the Ministry of Energy, Petroleum Division (MoEPD). The lifting of the import ban in the end of April coincided with the gradual rise of international prices of petroleum products. The months of May and June witnessed the duplicity of certain OMCs which imported oil but hoarded or slowed down the supply to their retail outlets till the government increased the prices on June 26. General consumers, thus, w
National
December 15, 2020
ISLAMABAD: The five-member Inquiry Commission headed by Abubakar Khudabaksh, Additional DG FIA, to probe into the shortage of petroleum products that hit the country in June, 2020 has recommended strict action against secretary Petroleum Division, DG Oil, Ogra and private oil marketing companies (OMCs).
The commission’s report also asked for dissolution of Oil and Gas Regulatory Authority (Ogra) for six months through act of Parliament, arguing it is not aligned with the ground realities. The Government of Pakistan constituted it on July 28, 2020 to probe into the shortage of petroleum products.
The 155-page report submitted to the federal cabinet that meets today (Tuesday) , mentions the catalogue of failures of Ogra since 2002 that includes dishing out licenses to OMCs without ensuring actual enhancement of storage facilities, failure to ensure minimum stock requirements, imposition of ritual fines on OMCs for drying out their retail outlets during
Inquiry Comission s Incriminating Report Points Out Incompetent Officials in MoEPD propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
Top Story
December 15, 2020
ISLAMABAD: The five-member Inquiry Commission headed by Abubakar Khudabaksh, Additional DG FIA, to probe into the shortage of petroleum products that hit the country in June, 2020 has recommended strict action against secretary Petroleum Division, DG Oil, Ogra and private oil marketing companies (OMCs).
The commission’s report also asked for dissolution of Oil and Gas Regulatory Authority (Ogra) for six months through act of Parliament, arguing it is not aligned with the ground realities. The government of Pakistan constituted it on July 28, 2020 to probe into the shortage of petroleum products.
The 155-page report submitted to the federal cabinet that meets today (Tuesday), mentions the catalogue of failures of Ogra since 2002 that includes dishing out licenses to OMCs without ensuring actual enhancement of storage facilities, failure to ensure minimum stock requirements, imposition of ritual fines on OMCs for drying out their retail outlets during