Senate body to take action against defaulting companies in energy sector

News Image

MG News | February 20, 2018 at 04:35 PM GMT+05:00

0:00

Senate standing committee on energy Tuesday decided to take strict action against the fuel companies who violate the regulation regarding the operation area.

The committee was met under the chairman ship of Senator Mir Israrullah Khan Zehri while Senator Baz Muhammad Khan, Taj Muhammad Afridi and Nisar Muhammad attended the meeting.

The committee directed to Oil and Gas Regulatory Authority OGRA to issue notice of 15 days to violator companies and after next 15 days issue suspension order to the companies who exceed to their limits of area of operation and constructed the fuel pumps.

OGRA representative told the committee that, recommendations have already made against the companies and we have directed DCO to seal the pumps that have broken the law.

She told the committee that in last four years companies have filed penalty of 30 million Rs for illegal pumps.

Member of the committee expressed dissatisfaction over the amount of penalty to violator companies and decided to write letter to provincial governments to not to give NOC for the construction of pumps out of the designated area.

Over the ‘Private Power and infrastructure board (Amendment) bill 2017’ the committee was briefed that, the amendments recommended by the ministry has been approved and bill was sent to National Assembly after approval of senate.

Director of OGRA briefed the committee regarding over charging and quality check by the OGRA. Committee directed OGRA to call Oil Companies Advisory Council (OCAC) in the next meeting – APP

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,260.00 123,615.00
118,675.00
1730.00
1.46%
BRENT CRUDE 69.18 71.53
69.08
-1.18
-1.68%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.93 69.65
66.84
-1.52
-2.22%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

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