OGRA Fines 3 More Oil Firms – RS News

OGRA Fines 3 More Oil Firms

OGRA

On Monday, the Oil and Gas Regulatory Authority (OGRA) has imposed fines on 3 more oil firms for creating an artificial fuel shortage in the country, as per the reports of local media.

The oil and gas regulatory body has imposed an overall fine of Rs.50 million on 3 oil marketing firms for not keeping the needed stocks.

It also gave a show-cause notice to the 3 firms on the matter and asked them to submit a reply within the span of 24 hours.

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Previously on the 11th of June, OGRA has said that it had given show-cause notices to 6 oil marketing firms and has registered cases against the 2 of them over the shortage of fuel in the nation.

As per the spokesman of OGRA, these cases have been registered in Karachi.

He said that the regulatory body had nothing to do with monitoring the demand and supply of petroleum products in the nation.

The OGRA spokesman said that he had received complaints about the artificial fuel crisis being created in the country against 3 oil firms. He said that they have proof of artificial fuel shortage being formed by these firms. He assured that action would be taken against these companies as per law.

He claimed that the oil firms would be ending the fuel shortage in a while if the prices of the petroleum products surged in the nation.

More Read: Petrol Prices increased by Rs.26 per litre

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