Inquiry commission names people responsible for fuel crisis in Pakistan
December 15, 2020 03:52 AM
An inquiry commission on Monday fixed responsibility for the fuel crisis and submitted its report to the authorities concerned.
According to the inquiry report, a copy of which is available with 24NewsHD TV, the inquiry commission has held the petroleum secretary and the director general (oil) responsible for the petrol crisis and recommended action against them. The inquiry report says the director general (oil) is involved in illegal allocation of oil quota. According to the inquiry report, Imran Abro is enjoying absolute power in his department.
According to the inquiry commission, the main reason for the petrol crisis was the ban on oil import. A ban was imposed on the import of petroleum products when the prices fell in the international market. However, oil was purchased in May and June, but oil marketing companies did not supply it to retailers. The oil marketing companies stopped supply to retailers until increase in prices in the Pakistani market.
The inquiry commission has declared licences of 66 oil marketing companies illegal because these companies don’t have the oil storage capacity at all. The inquiry commission says that criminal negligence of these companies in terms of 20-day oil storage capacity cannot be ignored. The commission says it is the failure of the Oil and Gas Regulatory Authority (OGRA) if oil marketing companied did not build 20-day oil storage capacity. The inquiry report also says that oil marketing companies were involved in hoarding.
The inquiry commission has recommended that oil prices should be reviewed every month instead of 15 days. The commission has also recommended creation of a monitoring cell at the Petroleum Ministry.