OGRA says Pakistan’s fuel stocks sufficient, warns OMCs to maintain 20-day reserve

ISLAMABAD: Pakistan’s energy regulator said that the country had sufficient petroleum product stocks to meet current demand, but warned oil marketing companies (OMCs) to maintain required inventory levels amid market uncertainty and rising consumption forecasts. 

The Oil and Gas Regulatory Authority (OGRA) said all OMCs are required to keep a minimum of 20 days’ worth of average daily sales under their licensing terms. Failure to comply could lead to fines or licence suspension. 

“While supply is currently stable, the situation requires strict adherence to stockholding requirements,” OGRA spokesperson Imran Ghaznavi said in a statement. 

The warning comes as global oil markets face increased volatility due to geopolitical tensions and as local demand typically rises during the summer months. 

OGRA said it would continue monitoring the market and take pre-emptive steps to ensure fuel supply security. 

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