By SKM
June 12, 2025
ISLAMABAD: In a much-awaited but bold decision, the Oil and Gas Regulatory Authority (OGRA) has swung into action and punished 20 unscrupulous oil marketing companies (OMCs) with a penalty of Rs427 for short-lifting of local POL products and not maintaining their fuel stocks in the month of March 2025.
According to the official documents available with this scribe, the regulator has exposed 20 OMCs to monetary penalties under rule 69 of Pakistan (Refining Blending Storage, Transportation & Marketing) Oil Rules, 2016. Under this rule, it is mandatory for all OMCs to maintain their minimum 20 days’ stock of petroleum products. Despite repeated directions issued through minutes of Product Review Meeting, the said companies have failed to uplift local products as per the allocations conveyed to them and this is how the said OMCs have violated their licensing conditions.
The regulator has imposed a penalty of Rs27.5 million on M/s Flow Petroleum Pvt Limited. The said company will have to pay Rs15 million for short-lifting of petrol from local refineries and Rs12.5 million on less lifting of high speed diesel (HSD).
M/s Fast Oil Pvt Ltd has been exposed to a penalty of Rs23.5 million that includes Rs15 million for short lifting of HSD and Rs8.5 million for less lifting of MS (motor Spirit) and less days cover. Likewise M/S Lucky Petroleum Pvt Ltd has been fined Rs35 million which includes Rs20 million for short uplifting of HSD and less days cover \and Rs15 million on MS for less upliftment and less days cover.
Other companies that faced monetary punishments include M/s Zoom Marketing Oil Pvt Ltd with a penalty of Rs8.5 million, M/s ALHMMDALI International Trade Co. Rs37.5 million, M/s Euro Oil Pvt Ltd Rs26 million, M/s My Petroleum Pvt Ltd Rs21 million, M/s Oil Industries Pakistan Ltd Rs12.5 million, M/s Allied Petroleum Pvt Ltd Rs11 million, M/s Vital Petroleum Pvt Ltd Rs23.5 million, M/s Benzin Petroleum Pvt Ltd Rs17 million, M/s Horizon Oil Company Pvt Ltd Rs06 million, M/s Al Noor Petroleum Pvt Limited Rs12 million, M/s Be Energy Ltd Rs10 million, M/s OTO Pakistan Pvt Ltd Rs30 million, M/s Askar Oil Services Rs27.5 million, M/s Khyber Petroleum Pvt Ltd Rs37.5 million, M/s Petro Pakistan Pvt Limited Rs35 million, Jinn Petroleum Pvt Ltd Rs17.5 million, and M/s taJ Pvt Limited has been exposed to a penalty of Rs8.5 million.
“Earlier OGRA issued show cause notices to the above-mentioned OMCs and built the case to penalize them. And if the said companies continue to be violating the decisions of monthly Product Review Meetings, their licenses will be suspended,” the relevant officials of the regulator said. Ends
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