PM orders to revoke licenses of these nine oil marketing companies
The decision was established on the initial inquiry report on the petrol crisis.
Prime Minister Imran Khan has given orders to cancel the licenses of oil marketing companies (OMCs) involved in hoarding fuel and causing an artificial shortage in the country. The decision was established on the initial inquiry report on the petrol crisis.
The report prepared by the Oil and Gas Regulatory Authority (OGRA), identified that the Petroleum Division supposedly conspired with OMCs to create an artificial crisis in the country to put pressure on the government.
The committee identified nine OMCs involved in hoarding, black-marketing, and dropping their sales. These include Shell Pakistan Limited, TOTAL PARCO Pakistan Limited, APL (Attock Petroleum Limited), Attock Oil Company Limited, Go, Byco, Hascol, and Puma, and BE (Bakri Energy).
It was also mentioned in the report that the officials of the Petroleum Division failed to fulfill their responsibilities. They had taken no action while oil companies were creating an artificial petrol shortage in the country.
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