OGRA seeks explanation over shortage of petroleum products

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From Business Correspondent

ISLAMABAD: Taking action on the shortage of petroleum products in the country, the Oil and Gas Regulatory Authority (OGRA) has served show-cause notice to three companies yesterday. According to the OGRA spokesperson, Shell, Attock and Total Parco have been asked to present their explanation over the shortage within 24 hours. It is pertinent to mention here that petroleum prices went through another significant decrease on Sunday after Oil & Gas Regulatory Authority (OGRA) summary for slashing prices was approved.

Fuel stations in parts of the country remained shut down over lack of supply from private oil companies amid unprecedented lowering of the petroleum products’ prices. On Monday, fuel shortage was witnessed at the stations of the private oil companies in Karachi after supplies were not released from the companies.

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