OCAC refutes rumors, confirms fuel sufficiency in Punjab

News Image

MG News | May 24, 2022 at 09:22 PM GMT+05:00

0:00

May 24, 2022: Oil Companies Advisory Council confirms the availability of sufficient stocks of fuel products in the country, including the depots in the Punjab region said a press release issued today.

As per the press statement, Oil Marketing Companies (OMCs) are making fuel deliveries to the retail outlets, however, the deliveries are being hampered due to road blockades in the major cities of Punjab and may result in delayed deliveries to petrol pumps.

OCAC further expresses its concern regarding the prevalent situation of road blockades and the alleged speculation of low stocks circulating on the various forums and requests the public to avoid panic buying. There are ample stocks of MOGAS and HSD in the Punjab region and OMCs are making their best efforts to top up the retails outlets timely, despite the road blockages.

OCAC has also shared these concerns with the Chief Secretary of Punjab and further requests the support of the Local Administration for the safe and secure movement of Tank Lorries from respective depots to various petrol pumps across the province, till the situation normalizes.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 144,187.94
130.42M
-8.45%
-13308.16
ALLSHR 87,096.70
198.26M
-7.57%
-7130.31
KSE30 44,134.50
48.45M
-8.68%
-4195.70
KMI30 204,881.74
42.37M
-8.81%
-19805.59
KMIALLSHR 56,081.16
131.67M
-7.82%
-4757.93
BKTi 41,809.43
18.54M
-8.09%
-3680.53
OGTi 29,664.27
5.45M
-7.54%
-2419.20
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 67,565.00 67,795.00
65,685.00
-730.00
-1.07%
BRENT CRUDE 113.19 119.50
99.00
20.50
22.12%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-11.85
-10.65%
ROTTERDAM COAL MONTHLY 127.00 0.00
0.00
0.05
0.04%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 110.18 119.48
98.00
19.28
21.21%
SUGAR #11 WORLD 14.09 14.17
13.69
0.37
2.70%

Chart of the Day


Latest News
March 09, 2026 at 10:48 AM GMT+05:00

IMF flags inflation risk amid Middle East oil shock


March 09, 2026 at 10:10 AM GMT+05:00

FATIMA CY25 profit surges 16%


March 09, 2026 at 10:07 AM GMT+05:00

Iran conflict raises risks for emerging economies


March 09, 2026 at 09:58 AM GMT+05:00

FATIMA plans up to Rs69.9bn diversification investments



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg