ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has issued a stern warning to Oil Marketing Companies (OMCs), including Pakistan State Oil (PSO), to promptly lift high-speed diesel (HSD) from local refineries or face legal consequences.
In a letter addressed to PSO and other OMCs, OGRA highlighted the low HSD uplift during the first half of August 2024, which fell short of the allocated volumes determined in the Petroleum Reserves (PR) meeting. The companies named include Attock Petroleum, Shell Pakistan Ltd, Total Parco, and several others.
OGRA emphasized that the timely lifting of petroleum products is essential to prevent pressure on refineries, which could lead to reduced production capacity and potential supply disruptions. The regulator warned that any failure to comply with its directives would result in strict legal action under applicable laws and rules.
Story by Waseem Iqbal
