OGRA suspends Hascol’s licence for KP, imposes Rs10m fine

The Oil and Gas Regulatory Authority (OGRA) has suspended the marketing licence of Hascol Petroleum Limited (HPL) for Khyber Pakhtunkhwa with immediate effect, besides imposing a penalty of Rs10 million on the company.

“Hascol Petroleum Ltd (HPL) was found operating illegal/unauthorized storage and selling of petroleum products (petrol & diesel) at Amangarh Depot. Based on the investigation and the documents provided by HPL, it was proved that the company remained involved in severe violations of laws/rules and failed to provide reasonable justification for the operation of this depot despite OGRA’s clear directives for the stoppage of operation of Amangarh depot till the fulfillment of all legal requirements and OGRA’s permission in January 2020,” a stated issued by OGRA read.

According to OGRA, HPL was served with a show cause notice on 13 October 2020, on the illegal operation of Amangarh Depot and to explain the facts by appearance.

“Following the hearing and due consideration, the authority suspended Hascol Petroleum Limited’s marketing activities in KP and directed them to immediately stop all marketing activities/sales at outlets in KP till further orders,” the statement read. “In order to avoid any inconvenience to general public, all oil marketing companies (OMCs) are directed to augment supplies to their retail outlets in KP.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Must Read