PM Imran forms committee to probe petrol crisis | Pakistan Today

PM Imran forms committee to probe petrol crisis

ISLAMABAD: Prime Minister Imran Khan has constituted a four-member committee to investigate the shortage of fuel that affected millions of Pakistanis in June.

The committee will be headed by PM’s special assistant Shahzad Syed Qasim and includes former DG (Oil) Petroleum Division Rashid Farooq, CEO Petroleum Institute of Pakistan Asim Murtaza and former senior general manager PSO Naazir Abbas Zaidi and will submit its report on July 10. The convener of the committee can include any other members as well, according to a notification issued from the PM’s office.

The committee will explain the impact of price reduction on the import and availability of petrol.

It will identify hoarding by oil marketing companies, including curtailment of supply from depots to retail outlets, as well as hoarding by petrol stations.

The inquiry committee will identify whether the availability of petrol this year was higher than compared to what it was in the corresponding months of last year, and the impact of coronavirus pandemic on the fuel availability, if any.

It has also been tasked to analyze the role of Petroleum Division and the Oil and Gas Regulatory Authority (OGRA), and actions taken by them to address the issue of fuel shortage.

The committee will evaluate the possibility of market manipulation or cartelization by OMCs or retail outlets, and any other issue related to the crisis.

Several oil marketing companies used pressure tactics and created a petrol crisis in the country, forcing people to line up at petrol pumps in huge numbers so that the government would relent and allow them to increase the prices.

The artificial shortage came after a reduction in the price of petrol by Rs7 for the month of June. The government appeared to have eventually given in to OMCs after it increased the petrol price by Rs25 on June 26.



2 Comments

  1. Scooby said:

    His own weak party headed by mindless pathans is responsible for all mis-administration. The only favor he can give us is resignation.

  2. Sunbig said:

    Yet another committee while no change in prices of increase in prices….don’t know whom im the dim is trying to fool ( his masters who don’t care?) While the common people face the brunt of increased prices. Looks like every sector is controlled by mafias ( as the dim mentioned) yet the dim is unable to reign in or control them. He went after sugar industry and also gave them subsidy, prices went up and are still not down. Now same with petrol and diesel….who is making money?

*

*

Top