ISLAMABAD: The annual report for Oil and Gas Regulatory Authority’s (OGRA) performance for the year 2018-19, was issued on Tuesday.
According to the report, the regulatory authority during 2018-19, conducted inspections at 447 fuel outlets and issued 182 show cause notices for overcharging, under filling and non-conforming to quality standards and imposed penalties of Rs64.57 million in this regard.
Moreover, OGRA redressed 663 complaints received against different outlets under the Clean and Green Pakistan initiative.
To ensure provision of quality petroleum products across the country, the authority, through Hydrocarbon Development Institute of Pakistan (HDIP), made 460 quality checks of imported energy products and 725 quality checks for imported non-energy products.
Similarly, 368 and 1,508 quality checks were carried out at lube blending plants and oil depots respectively.
Moreover, 267 quality checks were performed at oil refineries and 53 quality checks at While Oil Pipeline’s Terminal Stations.
During the year 2018-19, OGRA granted nine provisional licences to construct storage facilities before establishing Oil Marketing Companies (OMCs), paving the way for an investment of around Rs4.5 billion in oil infrastructure over the next three years.
The authority also granted permission to six companies including LaGuardia Petroleum Private Limited (Sindh), Oil Industries Pakistan Private Limited (Punjab), Euro Oil Private Limited (Punjab), Flow Petroleum Private Limited (Punjab), Taj Gasoline Private Limited (Sindh) and Hi Tech Lubricants Limited (Punjab) to initiate marketing of petroleum products in their respective regions.
OGRA also granted permission for operation of new oil storages to Hascol Petroleum Limited at Kotlajam and Shikarpur, Be Energy Limited at Machike, Flow Petroleum at Attock, Laguardia at Daulatpur, Oil Industries Private Limited at Sahiwal, Euro Oil at Sahiwal, Taj Gasoline at Shikarpur and Hi-Tech Lubricants at Sahiwal.
OGRA also granted permission for construction of new oil storages to Attock Petroleum Limited at Sahiwal and Machike, Total Parco Pakistan Limited at Shikarpur and Machike, Gas and Oil Pakistan Limited at Rahim Yar Khan and Hub and Jinn Petroleum at Hub.
During the one-year period, OGRA granted licence for construction of the new Khyber Oil with the capacity of 20,000 barrels per day, which is expected to be constructed within five years at the cost of $500 million.
The authority granted eleven licences to lube oil blending plants for construction and operation, and eleven licences to Lubricant Marketing Companies (LMCs) for import of lube oil in the country.