Federal cabinet approves formation of commission to probe petrol crisis

The federal cabinet approved the establishment of a commission to investigate the petrol crisis in the country. A meeting of the Federal Cabinet was held under the chairmanship of Prime Minister Imran Khan in which the economic, political and corona epidemic situation of the country was discussed.

The federal cabinet approved the setting up of a commission to investigate the shortage of petroleum products, while also approving an agenda on the import of Euro Five diesel and petrol.

In this regard, the Federal Minister for Information and Broadcasting Shibli Faraz said that action would be taken against whoever was responsible for the shortage of petrol.

It is to be noted that due to the reduction in the consumption of oil in the world market due to the Coronavirus, the prices had reached the lowest level in history, after which the prices of petroleum products in Pakistan were also reduced. There was a petrol crisis in the country due to which the people could not benefit from cheap petrol.

The Prime Minister took note of the matter and ordered an inquiry into which the Oil and Gas Regulatory Authority (OGRA) blamed nine oil marketing companies for the crisis and fined three companies.

Later, the government immediately increased the prices of petroleum products to Rs 25 per liter, after which the supply of petrol across the country returned to normal.

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