{"id":66898,"date":"2020-06-20T10:19:00","date_gmt":"2020-06-20T05:19:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66898"},"modified":"2020-06-19T17:20:22","modified_gmt":"2020-06-19T12:20:22","slug":"artificial-oil-shortage-ogra-fines-6-companies-over-hoarding","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/artificial-oil-shortage-ogra-fines-6-companies-over-hoarding.html","title":{"rendered":"Artificial Oil Shortage: OGRA fines 6 companies over hoarding"},"content":{"rendered":"\n<p>Islamabad: The Oil and Gas Regulatory Authority (OGRA) has imposed hefty fines on six oil marketing companies (OMCs) for creating an artificial petrol shortage in the country, according to news sources. Additionally, the authority has served show-cause notices to another three OMCs.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ogra-proposes-further-reduction-in-oil-prices.html\" target=\"_blank\" rel=\"noreferrer noopener\">OGRA proposes further reduction in oil prices<\/a><\/p>\n\n\n\n<p>Reportedly, the inspection teams from OGRA conducted a raid on the OMCs depots in Keemari and Port Qasim in Karachi and Taru Janna in Peshawar and found over 40 million litres of petrol.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/no-mask-no-shopping-no-mask-no-petrol-campaign-hazara.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u2018No Mask, No Shopping &amp; No Mask, No Petrol\u2019 campaign launched in Hazara Division<\/a><\/p>\n\n\n\n<p>The authority lodged the First Information Report (FIR) against the firms involved in hoarding activities that led to <a href=\"https:\/\/www.zameen.com\/news\/ogra-serves-show-cause-notice-to-6-petroleum-firms-over-oil-shortage.html\" target=\"_blank\" rel=\"noreferrer noopener\">artificial oil shortage<\/a> in the country. Heavy fines were also imposed on these firms for contract violations \u2013 of up to PKR 10 million to be paid within 30 days.<\/p>\n\n\n\n<p>Moreover, OGRA has also asked these oil firms to improve the supplies to their respective outlets or be charged with heavier fines and legal implications.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Oil and Gas Regulatory Authority (OGRA) has imposed hefty fines on six oil marketing companies (OMCs) for creating an artificial petrol shortage in the country, according to news sources. Additionally, the authority has served show-cause notices to another three OMCs. Read: OGRA proposes further reduction in oil prices Reportedly, the inspection teams from OGRA conducted a raid on the OMCs depots in Keemari and Port Qasim in Karachi and Taru Janna in Peshawar and found over 40 million litres of petrol. Read: \u2018No Mask, No Shopping &amp; No Mask, No Petrol\u2019 campaign launched in Hazara Division The authority lodged the First Information Report (FIR) against the firms involved in hoarding activities that led to artificial oil shortage in the country. Heavy fines were also imposed on these firms for contract violations \u2013 of up to PKR 10 million to be paid within 30 days. Moreover, OGRA has also asked these oil firms to improve the supplies to their respective outlets or be charged with heavier fines and legal implications.<\/p>\n","protected":false},"author":75,"featured_media":66037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15015],"tags":[32371,22165,32372],"persona":[],"class_list":{"0":"post-66898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-legal-taxation","9":"tag-artificial-oil-shortage-ogra-fines-6-companies-over-hoarding","10":"tag-oil-and-gas-regulatory-authority-ogra","11":"tag-oil-marketing-companies","12":"cat-15012-id","13":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OGRA fines 6 companies over hoarding - Zameen News<\/title>\n<meta name=\"description\" content=\"The Oil and Gas Regulatory Authority (OGRA) has imposed hefty fines on six oil marketing companies (OMCs) for creating an artificial petrol shortage\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/artificial-oil-shortage-ogra-fines-6-companies-over-hoarding.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OGRA fines 6 companies over hoarding - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Oil and Gas Regulatory Authority (OGRA) has imposed hefty fines on six oil marketing companies (OMCs) for creating an artificial petrol shortage\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/artificial-oil-shortage-ogra-fines-6-companies-over-hoarding.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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