The Oil and Gas Authority (OGRA) has imposed a total of Rs 40 million on six oil marketing companies (OMC) for the current oil shortage in the country.
Regulators Shell and Total Parco have reportedly fined Rs 10 million each and Puma Energy, Go, Hascol and Attock have fined Rs 5 million each.
The six OMCs must pay the fine within the next 30 days and have the right to file a review complaint after paying 50 percent of the fine.
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The Authority has also clarified that further sanctions can be imposed if the OMC infringement continues.
"You are also being asked to immediately improve inventory at your outlets because penalties can be imposed for continued breaches of the rules," OGRA OMC warned in a letter issued June 11.
The regulator has also reported three new OMCs, BE Energy, Byco and Askar, on licensing violations for an explanation within 24 hours.
Earlier on June 3, OGRA had given the six OMCs an exhibition announcement asking them to explain their position within 24 hours (later with another 24 hours) or in person.
The current verdict was condemned when the regulator found the OMC's response unsatisfactory.
Under the Pakistan Oil Rules, 2016, OMCs in the country are not required to interrupt all or part of their regulated operations, which will result in the supply or sale of oil products in any area without OGRA's prior written consent.
