With shortage of major petroleum products aggravating with none of more than 80 oil companies maintaining the mandatory stocks, the authorities — both in the petroleum division and petroleum regulator — appeared waking up to the situation as complaints started to reach the prime minister’s desk. The director-general of oil wrote to the Oil & Gas Regulatory Authority (Ogra) that product shortage was expected in July. Ogra wrote back to the DG of Oil to align oil imports to domestic demand. The regulator also issued show-cause notices to six of the leading oil companies for violating petroleum rules that required at least 20 days of sales cover. Oil industry sources said that certain import orders were missed by Oil Marketing Companies (OMCs) in May and some others were rearranged by authorities over the past […]