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Two companies involved in the black marketing of oil in Karachi

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A committee comprising of FIA, OGRA, PSO, and HDIP officers and other concerned authorities has been constituted to ensure the availability of petroleum products and to curb black marketing of petroleum products.

A committee investigating the oil shortage by the Ministry of Petroleum raided the depots of private oil companies at Kemari Oil Field, during which it was revealed that two companies Hascol Petroleum Limited and Gas & Oil Pakistan Limited were involved in black marketing of oil and earning billions of profit by Hoarding and selling oil in black market the case has been registered against both CEO of the companies and the committee have issued notices to both companies in the act of Hoarding.

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