{"id":11925,"date":"2022-11-08T13:36:57","date_gmt":"2022-11-08T13:36:57","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=11925"},"modified":"2022-11-08T13:36:57","modified_gmt":"2022-11-08T13:36:57","slug":"ogra-refutes-media-reports-about-limited-diesel-stocks","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/ogra-refutes-media-reports-about-limited-diesel-stocks\/","title":{"rendered":"OGRA refutes media reports about limited diesel stocks"},"content":{"rendered":"

OGRA refutes media reports about limited diesel stocks. The Oil and Gas Regulatory Authority<\/a> (Ogra) on Tuesday refuted reports about limited stocks of high speed diesel (HSD), emphasising that sufficient stock was available in the country to cater to demand.<\/p>\n

\u201cIt has been noted that certain sections of [the] press reported on the limited stocks of diesel in the country which is not correct,\u201d an Ogra spokesperson said in a statement.<\/p>\n

Later in the day, the Ministry of Energy also iterated that sufficient petrol and diesel stocks were present.<\/p>\n

\u201cThe news circulating regarding fuel shortage is baseless and contrary to facts,\u201d it said in a press release. It added that as of Nov 7, petrol stocks amounted to 550,000 MT which was enough for 21 days while diesel stocks were 438,000 MT which was enough for 15 days.<\/p>\n

\u201cPSO\u2019s planned import of diesel for the month of November 2022 is around 220,000 MT out of which one cargo is on the way to Karachi and is expected to arrive on November 12, 2022, while cargoes of other OMCs are in line to meet the country\u2019s planned demand.<\/p>\n

Read more:\u00a0FinMin Ishaq Dar massively slashes petrol price by Rs12.63 per litre<\/a><\/strong><\/em><\/p>\n

\u201cKeeping in view the above position, the stock in the country is sufficient to take care of current requirements,\u201d the press release stated.<\/p>\n

The refutations came in response to media reports on Monday on a letter written by Oil Companies Advisory Council (OCAC) Secretary General Syed Nasir Abbas Zaidi to the Ogra chairman in which he cautioned about \u201cproduct availability challenges in various pockets of the country in days to come due to inadequate imports and limited local avail[ability]\u201d.<\/p>\n

According to the media reports the import of diesel in November might be challenging due to limited availability in the international market and very high premiums. \u201cSo far, only PSO has booked laycans of 220,000 MT and 10,000 MT by Flow Petroleum.<\/p>\n

\u201cHowever, it is alarming to note that MS (motor spirit\/petrol) import laycans corresponding to the anticipated sales volume and stock cover have also not been booked.\u201d<\/p>\n

A laycan refers to the time period during which a cargo vessel must arrive at the agreed port.<\/p>\n

According to the letter, the country faces a deficit of 210,000 MT and 147,100 MT of HSD and petrol, respectively.<\/p>\n

\u201cThe import plan should have been finalised by importers but as of today, there is a deficit in the import plan,\u201d the letter, which is dated Nov 3, stated.<\/p>\n

The OCAC said the October sales of \u201cquite a few\u201d oil marketing companies (OMCs) were \u201cmuch higher than the anticipated demand\u201d, adding that the OMCs have continuously had low stocks. \u201cSome OMCs that were allowed imports in the previous month for use next month have already consumed the parcels in advance.<\/p>\n

\u201cKeeping in view the ongoing sales trend and the number of days of cover currently being maintained by the OMCs, we foresee product availability challenges,\u201d it added.<\/p>\n","protected":false},"excerpt":{"rendered":"

OGRA refutes media reports about limited diesel stocks. The Oil and Gas Regulatory Authority (Ogra) on Tuesday refuted reports about limited stocks of high speed diesel (HSD), emphasising that sufficient stock was available in the country to cater to demand. \u201cIt has been noted that certain sections of [the] press reported on the limited stocks […]<\/p>\n","protected":false},"author":8,"featured_media":11926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9],"tags":[1029,6978,1028,3870],"class_list":["post-11925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","tag-ogra","tag-oil","tag-oil-and-gas-regulatory-authority","tag-petrol"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/11925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=11925"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/11925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/11926"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=11925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=11925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=11925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}