ISLAMABAD: A four-member ministerial committee headed by Federal Minister for Planning and Special Initiatives Asad Umar has completed its investigation with a mandate from Prime Minister Imran Khan to identify those responsible for the petrol crisis in June 2020. She can offer her own. Report to the Federal Cabinet meeting today (Tuesday).
Along with Shafqat Mehmood, Shirin Mazari and Azam Swati, the ministerial body was formed to identify those responsible for the petroleum crisis, in light of a report by a five-member commission of inquiry headed by Abbas Khuda Bakhsh. , Additional Director General FIA.
The Commission of Inquiry had recommended action against OGRA [Oil and Gas Regulatory Authority], Secretary Petroleum Division, Director General of Oil, and Private Oil Marketing Companies (OMCs). OGRA had challenged the report of the Commission of Inquiry in the court of law. The Petroleum Division had also raised its concerns about the report of the Commission of Inquiry, which was headed by an additional DG FIA.
In the inquiry report, fingers were also pointed at Petroleum Nadeem Babar from the Special Assistant to the Prime Minister. The Ministerial Committee last Friday and Monday summoned the top mandarins of the Petroleum Division and asked them various questions regarding the storage of petrol in refineries, OMC, PSO. [Pakistan State Oil] And other related data. Secretary Petroleum Asad Hayauddin and Petroleum Nadeem Babar appeared before the SAPM Committee and answered questions.
Sources said that the Petroleum Division, while presenting its story, said that the Commission of Inquiry had left out the stockpiling companies, which were responsible for the shortage of petrol in June and had tried to make the officers of the Petroleum Division a scapegoat. Of was
Private OMCs, including Shell, GO and HASCOL, have suffered a complete loss in the Commission of Inquiry report. Shell has been awarded the No. 1 award, while it closed all its depots across Pakistan from June 1 to 10. The Petroleum Division told the four-member ministerial committee, “When the Petroleum Division took action against them, they opened it.”
The GO and Haskol collected 150 million liters of petrol in Kemari and Port Qasim Karachi from May 25 to June 10. He did not increase the price of a liter of petrol while the situation like chaos and riots was to be kept there. An official of the Petroleum Division said that the matter has been reported to the ministerial committee.
Furthermore, against Gohar Nafees, a member of the commission, an investigation into assets outside assets is pending in NAB Lahore.
Interestingly, the same officer sealed at least 345 petrol pumps, which was also declared illegal in the report. Illegal sealing and de-sealing caused a loss of about Rs. 500-600 million on these units, as about Rs. 2 to 25 lakhs are collected for de-sealing at each petrol pump, and anti-corruption collectors. He was an inspector of Punjab. It needs a full investigation.
According to reports, all the major storage depots in Karachi have also reduced their monthly E&P crude oil production by about 2.5 million barrels to avoid instability. About 3.2 bcf of gas per day. About 5,540 metric tons of LPG per day. Based on the work of DGPC, Sui companies and OGRA, from March to June, the entire E&P sector of the country will cost around Rs 226 billion.
In addition, the total storage capacity of refineries for petrol is 90100MT and for diesel 190000MT. Especially during March, the utility of diesel was halted due to lockdown as most of the intercity transport completely reduced the demand by 1 / 3rd of its normal consumption when it was 24000MTs per day before. ۔ It was now reduced to 8000 MT per day.
As a result, refinery stores went up and had to reduce their capacity to at least 1 / 3rd of their full capacity. As a result, refineries stopped taking off from E&P fields, which had stocks at the top and had to reduce their production by 1 / 3rd. The normal production of MOL and Nishpa was around 20-22000 bpd, but then it was reduced to 7000-8000 bpd.
In the event of a complete shutdown, LPG-related gas production would also cease, leading to a gas crisis. The government would have lost Rs 75 billion in taxes alone.
The decision to create an import mindset was made on March 25. Therefore, this resulted in fewer stocks closing in March and consequently fewer opening stocks in April, so in practice these lower shares were the result of a rationalization decision.
Petroleum officials say, “Once again, it is being reiterated that the decision to rationalize imports was taken as a result of at least 19 letters from all refineries and E&P fields and the Pakistan Army to the supply chain.” Ensure sustainability. ” It was a deliberate decision and before taking a decision on March 25, Secretary Petroleum also informed Asad Umar, Chairman CCOE, in writing on March 18, 2020 about the serious nature of the situation. It has to be appreciated. That letter has significantly saved the E&P sector Rs 226 billion (US 1.5 1.5 billion) in oil, gas and LPG. In addition, refineries have saved about thirty billion rupees. It also saved about ڈالر 1.5 billion in significant foreign exchange during the period by reducing imports.
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