OGRA imposes Rs15 million fine on 3 more OMCs for not maintaining fuel stocks.

ISLAMABAD -- Oil and Gas Regulatory Authority (OGRA) on Monday imposed fine amounting to Rs15 million on three more Oil Marketing Companies (OMCs) for not maintaining the required fuel stocks as per terms and conditions of the licences awarded to them. 'OGRA imposed penalty of [Rs] five million each to BYCO, ASKAR and BE ENERGY on show cause notices issued during oil shortage crises earlier this month,' authority's spokesman Imran Ghaznavi said in a tweet. On June 11, OGRA had imposed plenty of Rs5 million each on Attock Petroleum Limited, Puma, Gas and Oil Pakistan Limited and Hascol, and Rs10 million each on Shell Pakistan and Total Parco Pakistan...