AVN 65.12 Decreased By ▼ -0.28 (-0.43%)
BAFL 29.50 No Change ▼ 0.00 (0%)
BOP 4.05 No Change ▼ 0.00 (0%)
CNERGY 3.54 Decreased By ▼ -0.06 (-1.67%)
DFML 11.71 Increased By ▲ 0.36 (3.17%)
DGKC 42.60 Decreased By ▼ -0.06 (-0.14%)
EPCL 45.86 Decreased By ▼ -0.91 (-1.95%)
FCCL 11.80 Decreased By ▼ -0.05 (-0.42%)
FFL 5.52 Decreased By ▼ -0.08 (-1.43%)
FLYNG 5.89 Decreased By ▼ -0.06 (-1.01%)
GGL 10.68 Decreased By ▼ -0.01 (-0.09%)
HUBC 66.91 Decreased By ▼ -0.21 (-0.31%)
HUMNL 5.45 Decreased By ▼ -0.07 (-1.27%)
KAPCO 24.12 Decreased By ▼ -0.03 (-0.12%)
KEL 2.06 Decreased By ▼ -0.02 (-0.96%)
LOTCHEM 25.15 Increased By ▲ 0.11 (0.44%)
MLCF 25.41 No Change ▼ 0.00 (0%)
NETSOL 74.22 Decreased By ▼ -0.98 (-1.3%)
OGDC 84.04 Decreased By ▼ -0.56 (-0.66%)
PAEL 10.60 Decreased By ▼ -0.10 (-0.93%)
PIBTL 3.71 Decreased By ▼ -0.21 (-5.36%)
PPL 62.60 Decreased By ▼ -1.00 (-1.57%)
PRL 12.46 Decreased By ▼ -0.18 (-1.42%)
SILK 0.86 Decreased By ▼ -0.01 (-1.15%)
SNGP 39.12 Decreased By ▼ -0.34 (-0.86%)
TELE 7.90 Decreased By ▼ -0.27 (-3.3%)
TPLP 14.32 Decreased By ▼ -0.22 (-1.51%)
TRG 107.11 Decreased By ▼ -1.04 (-0.96%)
UNITY 13.16 Decreased By ▼ -0.30 (-2.23%)
WTL 1.18 Decreased By ▼ -0.01 (-0.84%)
BR100 4,035 Decreased By -27.6 (-0.68%)
BR30 14,315 Decreased By -103.2 (-0.72%)
KSE100 39,880 Decreased By -202.5 (-0.51%)
KSE30 14,771 Decreased By -55.9 (-0.38%)
Markets

No shortage of petrol, govt to take action against hoarders: Musadik Malik

  • Minister says that since Wednesday, 900 inspections were carried out in Punjab, with hoarders penalised and a number of petrol pumps sealed
Published February 9, 2023
Follow us

State Minister for Energy (Petroleum Division) Musadik Malik on Thursday reiterated that there is no shortage of petroleum products in the country, and the government will strictly deal with those hoarding petrol and diesel.

Addressing media persons amid a reported shortage of petroleum products in Punjab, the minister said that since Wednesday over 900 inspections were carried out in various districts of Punjab - 530 in Sargodha district and 430 in Faisalabad district - with hoarders penalised and a number of petrol pumps sealed.

“Similarly, a number of inspection operations were carried out across the country, and illegal storages were sealed,” he said.

“Eight warehouses in Vehari have been sealed. These operations will continue,” said the minister.

He also said Oil Marketing Companies (OMCs) have been directed to ensure the supply of petrol to pumps. “Every company is saying they have 20 days of petrol and 30 days of diesel, so why is petrol not being supplied,” he asked.

Malik added that he talked to Abdul Sami Khan, Chairman Pakistan Petroleum Dealers Association, earlier today and was assured that the association will not stand with any hoarder of POL products.

“The dealer association’s stance aligns with that of the government in this regard,” said Malik.

Earlier this week, Malik negated rumours that petroleum products prices would be raised substantially in the next fortnightly review and said licenses of those OMCs guilty in creating artificial shortage of petroleum products will be cancelled.

Meanwhile, the Oil and Gas Regulatory Authority (OGRA) has advised the chief secretary of Punjab to take strict action against illegal hoarders in order to avoid deliberate shortage in the province.

“OGRA has also disseminated its enforcement teams to check storages and ensure smooth supply of petroleum products in the province,” a spokesman had said in a statement.

On Wednesday, Malik had also clarified that prices of petroleum products would not be hiked before February 15.

On January 29, the government had jacked up the price of petrol and diesel by Rs35 per litre following the historic devaluation of the rupee against the dollar.

Comments

Comments are closed.

No shortage of petrol, govt to take action against hoarders: Musadik Malik

Punjab polls delay: Elections have been held in Pakistan despite terrorism, says SC

Rupee dips against US dollar, closes at 283.92

KSE-100 down 202 points amid economic uncertainty

Remarks on judge: Islamabad court issues Imran’s non-bailable arrest warrant again

Experts weigh in as EU removes Pakistan from list of high-risk third countries

Maryam claims SC judges giving verdicts against PML-N at family’s whims

UAE says its keen to invest in Pakistan economy

President approves appointment of Justice Musarrat Hilali as chief justice of PHC

Russia announces deal to boost oil supplies to India

Putin says sanctions could have 'negative' impact on Russia