OGRA identifies 19 illegal fuel storages in Punjab

Business Feb, 9 2023
OGRA identifies 19 illegal fuel storages in Punjab
  • 138
  • 0

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) identified 19 illegal storage facilities in different areas of Punjab which could allegedly be used for hoarding petroleum products, causing fuel shortages across country.

Authority in letter written to Punjab chief secretary pointed out illegal storages which “Might be in use to dump/store petroleum products for inventory gains and contribute to existing shortage in different cities of Punjab, being an illegal act,” OGRA Spokesman Imran Ghaznavi said in press statement. He said OGRA had directed chief secretary to take strict action against illegal hoarders, sharing list of illegal petrol/diesel storages, identified through market intelligence. “It is aimed at avoiding deliberate shortage [of petroleum products] in province.” Imran Ghaznavi said Authority had also dispatched its enforcement teams to check identified storages and ensure smooth supply of petroleum products across province.

Published in The Daily National Courier, February, 09 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Petrol price increased by Rs1.35/litre for next fortnight

ISLAMABAD: Against market expectations, government has increased price of petrol by Rs 1.35 per litre for next fortnight, ending on November 15. According to notification issued by Finance Division, new price of petrol will be Rs 248.38 per litre, up...

President Zardari fractures foot while deboarding plane at Dubai Airport

Dubai: President Asif Ali Zardari fractured his foot while deboarding an airplane upon arrival at Dubai International Airport, statement from President House said on Thursday. Following fall, he was immediately taken to hospital for treatment. After...

Retired Boeing 737 transported by road from Karachi to Hyderabad

KARACHI: For first time in Pakistan’s history, retired Boeing 737 was transported by road, creating an unusual spectacle as it journeyed from Karachi to Hyderabad. 154-kilometer trip took roughly two and half hours, with 110-foot-long, 40-ton a...

PM Shehbaz, Qatari Amir vow to foster cooperation, bilateral ties

Doha: Prime Minister Shehbaz Sharif, accompanied by Qatar’s Amir Sheikh Tamim Bin Hamad Al-Thani visited exhibition ‘Manzar: Art and Architecture of Pakistan from 1940s to Today’ at National Museum of Qatar, according to Associated...

More like this
Related

PM Shehbaz invites Qatari investors to explore Pakistani sectors

Doha: Prime Minister Shehbaz Sharif invited Qatari investors to explore Pakistan’s various economic sectors during his official visit to Gulf country. After securing investment pledges worth $ 600 million during his Saudi Arabia trip, he is in...

FBR increases property valuations in 56 cities

The Federal Board of Revenue (FBR) has raised property valuation rates for immovable properties in 56 cities. According to details, the FBR jacked up the property valuation rates by 75% of the actual market rates starting November 1, 2024. This decis...

Pakistan Railways faces 130pc surge in bogies’ import cost

ISLAMABAD: Amid strong objections from ministries of Finance and Planning, Pakistan Railways is seeking 130 percent increase in procurement cost of around 1,050 bogies to Rs 71 billion mainly because of currency depreciation and change of specificati...

Rupee records marginal decline against dollar

KARACHI: Rupee registered marginal decline against dollar, depreciating 0.02 percent in interbank market. At close, domestic unit settled at 277.74, loss of 0.06 paisa against greenback. In interbank market bid rate for dollar was to Rs 277.74 and f...
Need Help? Chat with us