Minister for Petroleum, Omar Ayub Khan said the government has decided to take stern action against those oil marketing companies and dealers, who were involved in profiteering by creating artificial shortage of petrol and diesel.
In a tweet, he said that it has been decided to take action against such elements in collaboration relevant instituation and provincial governments.
The minister said list of hoarders and profiteers will be prepared and made public to expose, besides cancelling their licenses.
The minister advised the public not to indulge in panic-buying as there was no shortage of petroleum products in the country.