In a panel meeting on Thursday under the chairmanship of Senator Rehman Malik, the Senate Standing Committee on the Interior was notified about 12 oil importers that the Federal Investigation Agency (FIA) has identified as the parties responsible for creating an artificial shortage of oil in the country.
The Petroleum Secretary and FIA’s Additional Director General briefed the committee about the matter and also referred to both the negligence of the concerned departments and the hoarding by the major oil marketing companies (OMCs) as the main causes of the shortage of oil across Pakistan.
The briefing also included a discussion on the involvement of foreign parties based in the UK, UAE, and Malta that are reportedly part of the oil malpractice.
The panel was further informed of a case about a diesel fuel cargo that had been illegally imported from Iran using bogus documents prepared in Al Hamriya, Dubai. Further details suggest that the owners and partners of the refinery are also a part of the corruption.
A report mentioned that the hoarding and illegal imports of oil have resulted in the loss of billions of rupees to the national exchequer.
The committee has reached out to the Oil and Gas Regulatory Authority (OGRA) and has directed it to formulate a detailed plan of action to curb the illegal import and hoarding of petroleum products in the country.