Pakistan faces petrol, diesel shortage due to US-Iran war?

OGRA issues statement on petrol shortage in Pakistan amid ongoing geo-political tensions
An undated image of a petrol pump in Pakistan. — ONLINE
An undated image of a petrol pump in Pakistan. — ONLINE

Rejecting speculation regarding the shortage of petrol and diesel in the wake of the ongoing geo-political tensions, the Oil and Gas Regulatory Authority (OGRA) said Pakistan has adequate stocks of petroleum products.

The announcement was made hours after the All Pakistan Petrol Pump Owners Association (APPPOA) expressed concerns in a letter written to Prime Minister Shehbaz Sharif, urging him to look into this matter.

The association, in the letter, claimed that the oil marketing companies (OMCs) were imposing a quota on petroleum products amid the ongoing crisis in the Middle East.

“They [OMCs] are either not providing the product or have limited to such an extent that we hardly fulfil the need of the public or fuel stations get dry,” the letter read.

The OGRA spokesperson, in a statement, said: “The public is reassured that the country currently holds adequate stocks of petrol and diesel, well within the required limits.”

The spokesperson advised citizens not to pay attention to the rumours and rely only on information issued through official channels.

“To ensure the uninterrupted availability of petroleum products and to discourage hoarding during periods of extreme price volatility, OMCs may temporarily regulate supplies to retail outlets based on their historical sales patterns,” the official added.

The spokesperson further said that this measure is a standard supply management practice aimed at maintaining stability in the distribution system.