These 9 Oil Marketing Companies Will Have Their Fuel Station Licenses Cancle

Prime Minister Imran Khan ordered a revocation of licenses from fuel-harvesting oil marketing companies (OMCs), causing the country to experience an artificial shortage. The decision was based on the first petroleum crisis investigation report.

The report , prepared by the Oil and Gas Regulatory Authority (OGRA), found that the Oil and Gas Division allegedly coincided with the OMCs in creating the country’s artificial crisis for governmental pressure.

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 (Attock Oil Pakistan Limited), Byco, Go, Hascol, and Puma, and BE (Bakri Energy).

It mentioned that the officials of the Petroleum Division failed to fulfill their responsibilities and took no action while oil companies were creating an artificial petrol shortage in the country.

Directing punitive action against the officers involved, the premier also ordered the termination of licenses of nine oil marketing companies for hoarding and black marketing petroleum products.

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