Action over ‘artificial shortage of petrol’ ordered

LARKANA: A large number of motorists and motorcyclists throng a fuel station to buy petrol in view of a shortage in the city on Tuesday.—APP
LARKANA: A large number of motorists and motorcyclists throng a fuel station to buy petrol in view of a shortage in the city on Tuesday.—APP

ISLAMABAD: The federal cabinet on Tuesday took serious notice of what it called the artificial shortage of petrol in the country and Prime Minister Imran Khan ordered maximum punitive action against all those responsible for this.

The prime minister while chairing the cabinet meeting called the Ogra (Oil and Gas Regulatory Authority) chairman and inquired about causes of the shortage of petroleum products in the country.

According to an official press release, the cabinet noted that Ogra and the Petroleum Division have legal authority to physically enter and inspect oil companies’ storage facilities.

The cabinet directed the petroleum ministry to form joint raid teams comprising representatives of the Pet­roleum Division, Ogra, Fed­eral Investigation Agency and district administrations.

The teams will inspect all petrol depots/storage. They have the authority to enter any site. “Anyone found involved in hoarding shall face full force of law, including arrest and forced release of such stores,” the directive said.

The meeting decided that any company found not maintaining the mandatory stocks and supply to its outlets, as per their licence, would face punitive actions, including suspension and cancellation of licence and heavy fines.

The prime minister directed the Petroleum Division and Ogra to take all actions necessary to ensure regular supplies within 48-72 hours.

The Ministry of Energy informed the cabinet that while total supplies in June 2019 were 650,000 tonnes, supplies arranged for June 2020 are 850,000 tonnes. The cabinet urged the public not to engage in panic buying. The stocks that are being hoarded will be identified and ensured to be available in the market. An action will be taken against hoarders.

The prime minister directed the minister of petroleum and Ogra to ensure that every oil marketing company maintains 21-day stock to meet its licence conditions.

Published in Dawn, June 10th, 2020

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

A new chokepoint
Updated 24 Jul, 2026

A new chokepoint

WITH free transit of vessels through the Strait of Hormuz blocked due to the US-Iran conflict, a new chokepoint has...
Improved rating
24 Jul, 2026

Improved rating

S&P GLOBAL’S decision to upgrade Pakistan’s long-term sovereign credit rating to ‘B’ with a stable...
More firetraps
24 Jul, 2026

More firetraps

WHILE it was already apparent that death traps dot Karachi, a safety audit by the Sindh government has thrown up...
De-escalation efforts
23 Jul, 2026

De-escalation efforts

WHILE the exchange of fire across the Gulf — and the wider Middle East — continues between the US and Iran,...
Time to integrate
23 Jul, 2026

Time to integrate

PAKISTAN remains one of the least regionally integrated economies in Asia. The trade figures for the last fiscal ...
Modi unnerved
23 Jul, 2026

Modi unnerved

DISCONTENT is visible in India. Delhi has been on the boil since last month. As thousands took to the streets ...