The Oil and Gas Regulatory Authority (OGRA) has restricted 13 oil marketing companies (OMCs) from expanding retail outlet network. In a public notice, the OGRA directed the Pakistan State Oil Company Limited (PSO), Shell Pakistan Limited and Total Parco Marketing Limited to stop expansion of retail outlet network across the country except Sindh.
Meanwhile, Attock Petroleum Limited, Hascol Petroleum Limited, Total Parco Pakistan Limited, Askar Oil Services Pvt Ltd, Byco Petroleum Pakistan Limited, Overseas Oil Trading Co Pvt Limited, Bakri Trading Company Pakistan Pvt Limited, Gas and Oil Pakistan Pvt Limited, Zoom Petroleum Pvt Limited and Admore Gas Pvt Limited have been directed not to expand their retail outlet network in the whole country.
In November 2016, the OGRA intimated the OMCs to enhance oil storage capacity to meet increasing consumption of petroleum products in the country. The OGRA also directed the state-owned Pakistan State Oil Company to enhance its storage capacity of petroleum products. All companies related to oil business were asked to make arrangements to enhance their storage capacity in the specific time. In this respect, the government is also offering necessary incentives for the industry. The current storage capacity is sufficient for 20 days.
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