OGRA suspends, fines 7 OMCs
Page 1 of 1 • Share
OGRA suspends, fines 7 OMCs
[You must be registered and logged in to see this image.]
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) Wednesday not only suspended but also fined seven oil-marketing companies (OMCs) for not complying with its directives, binding OMCs to maintain at least 20 days storage, Geo News reported.
Ogra has taken this action to ensure smooth supply of petroleum products across the country.
The suspended companies include Askar, Hascol, Admore, OOTCL, Bakri, Byco, and Total Parco. A penalty of Rs3 million each has also been imposed on these companies.
The decision by Ogra has been taken on the advice of Ministry of Petroleum and Natural Resources, as regulation of supply side was the preview of the ministry.
“This is a technical division in the regime — some functions are with the ministry whereas the marketing activities are to be overseen by the oil and gas regulator — Ogra,” an petroleum ministry official said.
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) Wednesday not only suspended but also fined seven oil-marketing companies (OMCs) for not complying with its directives, binding OMCs to maintain at least 20 days storage, Geo News reported.
Ogra has taken this action to ensure smooth supply of petroleum products across the country.
The suspended companies include Askar, Hascol, Admore, OOTCL, Bakri, Byco, and Total Parco. A penalty of Rs3 million each has also been imposed on these companies.
The decision by Ogra has been taken on the advice of Ministry of Petroleum and Natural Resources, as regulation of supply side was the preview of the ministry.
“This is a technical division in the regime — some functions are with the ministry whereas the marketing activities are to be overseen by the oil and gas regulator — Ogra,” an petroleum ministry official said.
Admin- Y-Nots!
- Posts : 624
Join date : 2011-02-08
Similar topics
» Ogra makes fuel dearer by up to 5pc
» SC temporarily suspends Babar Awan's license
» ECC approves increase in commission of dealers, OMCs
» ECC approves increase in commission of dealers, OMCs
» PCB suspends Shahid Afridi's contract, revoke NoCs
» SC temporarily suspends Babar Awan's license
» ECC approves increase in commission of dealers, OMCs
» ECC approves increase in commission of dealers, OMCs
» PCB suspends Shahid Afridi's contract, revoke NoCs
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Yesterday at 4:29 pm by Ibad Khan Buledi
» Bounce n Bang: Physics puzzler
Yesterday at 11:39 am by ali001
» AIChatSY - AIChatbot Assistant
Wed May 01, 2024 10:48 am by ali001
» Storybook Magic App
Tue Apr 30, 2024 7:06 pm by ali001
» Flower Book Match3 Puzzle Game
Tue Apr 30, 2024 12:17 pm by ali001
» Avian Influenza Symptom in Chickens "Bird Flu H5N1 Virus" Vet learning materials, Poultry Farming
Sat Apr 27, 2024 9:57 am by Ibad Khan Buledi
» Aloha Planner - Note-Taker
Thu Apr 11, 2024 4:52 pm by ali001
» Streaming Guide Film TV Series
Tue Apr 09, 2024 9:39 pm by ali001
» Apricot Tree Problems & Solutions ????|خوبانی کے پھل کو کیڑا لگنےسے بچانے کا طریقہ ????
Sun Apr 07, 2024 6:28 am by Zamaan Khan