Ogra issues notice to oil companies over profiteering

Oil & Gas Regulatory Authority (OGRA) on Tuesday took notice of petrol shortage in the country and issued show cause notices to oil marketing companies and petrol pumps. Ogra said that during their visit to different areas of Punjab, monitoring teams of enforcement department got to know that many oil marketing companies and filling station were involved in black marketing and were selling the commodity on inflated rates. Ogra said all the four chief secretaries have been asked to launch action against all the culprits in this regard. According the Ogras Director Enforcement Shahid Nauman, oil marketing companies have been sought to account for the recent petrol scarcity and in absence of satisfactory response, the licenses of these oil companies may be cancelled. These show-cause notice have been issued to Pakistan State Oil (PSO), Shell Pakistan Limited, Chevron, Caltex Oil (Pakistan) Limited, Attock Petroleum Limited, Total Parco Pakistan Limited (TPPL), Admore Gas (Pvt) Ltd (AGPL), Oscar Oil Services Limited, Byco Petroleum Pakistan (BPPL), Hascol Petroleum Limited, Bakri Oil Trading Company and Overseas Oil Trading Company Limited.