The Oil and Gas Regulatory Authority (Ogra) on Monday rubbished reports of fuel shortage in parts of the country, maintaining that "adequate" supplies of petrol and diesel were available to cater to domestic needs.

An Ogra spokesperson said that speculation was rife about the shortage of diesel in a few pockets of Punjab, adding that "Ogra is monitoring the situation with the help of law enforcement agencies."

He warned that anyone found involved in hoarding or stocking fuel with an intent to create a shortage would be dealt with in accordance to the law.

However, the All Pakistan Petrol Pumps Dealers Association had a different version to offer.

Nauman Ali Butt, the secretary general of the association, said none of the oil companies except Pakistan State Oil (PSO) were supplying fuel to the dealers.

Butt claimed that all private companies had suspended their operations and that PSO was the only supplier currently operation in the province.

He urged Prime Minister Shehbaz Sharif to look into the matter and ensure the provision of uninterrupted fuel supply to dealers in order ensure continued supply of petroleum products to the public.

"Dealers will bear huge losses if private companies continue to remain shut and it will eventually impact the overall fuel supply in the country."

He urged the government to intervene and resolve the issue.

A Dawn editorial recently noted that PSO was struggling to manage oil supplies, owing to its increasing liquidity crisis as international oil suppliers demanded hard currency from the cash-strapped state-run entity for fresh supplies as well as higher premiums on delayed payments.

OCAC says ample fuel available in Pakistan

Meanwhile, the Oil Companies Advisory Council (OCAC) — an association of oil marketing companies (OMCs) and refineries — said ample stocks of motor spirit and high speed diesel (HSD) were available in the country.

"Since HSD sales have drastically soared in the country due to the harvesting season, OCAC is actively playing its role to effectively manage the [surge in] demand in consultation with the industry, Ogra and Ministry of Energy," it said in a statement.

It added that cargoes carrying sufficient HSD were already waiting off-port while other planned cargoes were expected to arrive soon.

Similarly, motor gasoline reserves are sufficient to meet the demand of the country, while additional volumes are coming in through planned imports, the statement said.

"Pakistan is an energy deficient country, therefore, deficit in fuel supplies is catered through imports," said OCAC Secretary General Dr Nazir Abbas Zaidi. "As a result of constantly increasing imports volume and infrastructure constraints, there are challenges at ports owing to congestion/bunching of vessels etc."

He maintained that the council was striving to address these challenges in collaboration with Ogra by suggesting recommendations to ensure that the fuel supplies remain streamlined.

"Hence, it is vital to avert uncertainty and abnormal buying patterns amidst ambiguous speculations," he said.

The OCAC concluded its statement by requesting citizens to buy fuel products as per demand and to not let ambiguity translate into "desperate bulk buying".

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