OGRA confirms ample oil stocks

MG News | June 22, 2025 at 06:10 PM GMT+05:00

0:00

June 22, 2025 (MLN): The Oil and Gas Regulatory Authority (OGRA) reassured stakeholders and consumers that Pakistan currently maintains sufficient petroleum product inventories to satisfy prevailing demand.

In a statement issued by OGRA spokesman Imran Ghaznavi, the regulator maintained that, despite stable supplies today, ongoing market volatility and forecasted demand growth necessitate strict compliance with the 20-day minimum stockholding requirement mandated in each Oil Marketing Company’s (OMC’s) licence.

Under OGRA’s licensing framework, every OMC is contractually bound to maintain a minimum stock equal to twenty days of its average daily throughput.

Failure to do so can trigger regulatory action, including fines or licence suspension.

With geopolitical tensions in major oil-producing regions and seasonal demand surges on the horizon, OGRA affirmed its commitment to energy security through continuous market surveillance and pre-emptive policy measures.

OGRA remains committed to monitoring the situation closely and will continue to take proactive steps to ensure national energy security, he added.

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