OGRA warns action against petroleum products hoarding

2026-03-05 - 16:43

The Oil and Gas Regulatory Authority (OGRA) has warned of strict action against illegal hoarding of petroleum products, particularly at places other than duly licensed oil depots and retail outlets of Oil Marketing Companies (OMCs). In a statement issued on Thursday, OGRA has made it clear that any premises found involved in the illegal storage of petroleum products would be sealed. OGRA urged the public to avoid panic buying as there was sufficient stock of petroleum products to meet national needs. According to the officials, the authorities are closely monitoring the petroleum supply chain to ensure the uninterrupted availability of products across the country. The existing stock position remains comfortable and well within the prescribed requirements, the statement reads. On reports of possible hoarding of petroleum products for profiteering, OGRA has requested all provincial chief secretaries to direct deputy commissioners (DCs) to conduct inspections within their respective jurisdictions. OGRA carried out inspections at oil depots and retail outlets to ensure the smooth supply of petroleum products and to prevent any malpractice, read the statement.