KARACHI: The Oil and Gas Regulatory Authority has found that 27 oil marketing companies have failed to meet the required benchmark for sales, stocks and imports of petroleum products, raising.
KARACHI: A large number of country’s oil marketing companies have defaulted on their import commitments especially that of high-speed diesel , resulting in a shortfall of its import around.
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.