Minister of State for Petroleum Dr Musadik Malik Wednesday warned theelements involved in hoarding petroleum products and creating artificialfuel shortage of ‘dire consequences.’
“Sufficient useable stocks of petroleum products are available in thecountry to meet needs of petrol [363,085 Metric Ton] for 20 days and diesel[515,687 Metric Ton] for 29 days. These are the other than cargoes arrivingand waiting in the sea for berthing,” he said while addressing a newsconference.
The minister was of the view that a few people were involved in creatingartificial shortage by dumping petrol and diesel with the hope to sell themin future at exorbitant rate.
He said the government would ensure the state writ at every cost and hintedlicenses of the people (Oil Marketing Companies), who would be foundinvolved in such illegal activities would be revoked.
“I request to those hoarding petroleum products to shun this practice anddo not challenge writ of the state.”
Read Top Stories
Musadik said prices of petroleum products were revised by the government asper the scheduled time, international market and rupee-dollar parity.
Answering a question, the minister said during the ongoing winter season,the incumbent government ensured better gas management which resulted inbetter supply to consumers, especially domestic sector as compared to thelast 10 years.
