ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Asia

Lahore HC orders Pakistan government to recover unlawful gains from oil marketing companies amid 2020 petrol crisis

Lahore [Pakistan], June 26 (ANI): The Lahore High Court (LHC) on Friday ordered the Pakistan government to take steps for the recovery of illegal gains made by oil marketing companies (OMCs), which created an artificial shortage during the 2020 petrol crisis.

ANI Jun 26, 2021 12:19 IST googleads

Representative Image

Lahore [Pakistan], June 26 (ANI): The Lahore High Court (LHC) on Friday ordered the Pakistan government to take steps for the recovery of illegal gains made by oil marketing companies (OMCs), which created an artificial shortage during the 2020 petrol crisis.
LHC Chief Justice Muhammad Qasim Khan ordered the government to take steps for audit of all OMCs. He also ordered the government to form a committee for recovery of unlawful gains from OMCs, reported Geo News.
The court directed authorities to take legal action against those found responsible for creating an artificial shortage.
The LHC was seized with a case about petrol shortage in the country in June 2020 after petrol prices dropped sharply and oil companies attempted to record inventory losses, reported Geo News.
The LHC also directed the authorities to ensure that strategic storage was preserved in all eventualities.
On July 28, 2020, the federal government had constituted a commission that conducted a probe while taking all stakeholders on board.
The verdict directed the federal government to ensure the release of the report of the commission immediately.
The government was directed to submit a compliance report within three months to LHC's Additional Registrar (judicial).
The Chief Justice ordered the Chief Secretaries of the respective provincial governments to take effective steps to empower the district administration to deal with such a situation, reported Geo News. (ANI)

Get the App

What to Read Next

Asia

India consistently supported Maldives in crisis: Mohamed Nasheed

India consistently supported Maldives in crisis: Mohamed Nasheed

He highlighted India's role as a "first responder" for the Maldives, emphasising that India's support during critical periods has been fundamental to the stability and security of the island nation.

Read More
Asia

"Bangladeshi workers are in devastating situation in Gulf," WARBE

Haque, in a conversation with ANI, said that about four Bangladeshis have died, and 12-13 are injured.

Read More
US

Ending Iran's nuclear ambitions over oil profits: Trump clarifies

Ending Iran's nuclear ambitions over oil profits: Trump clarifies

In a post by the White House, President Trump, while acknowledging that the United States is currently the world's leading oil producer and stands to benefit financially from higher crude prices, emphasised that his administration's overriding mission remains the permanent dismantling of Iran's nuclear program.

Read More
Asia

India rushes to safeguard 9,000 nationals in Iran

India rushes to safeguard 9,000 nationals in Iran

India on Thursday highlighted a high-level diplomatic push to protect Indian interests, emphasising the twin priorities of citizen safety and the stability of energy supply chains.

Read More
Europe

Blasphemy laws in Pakistan target religious minorities: GHRD

Blasphemy laws in Pakistan target religious minorities: GHRD

At the 61st session of the United Nations Human Rights Council, the organisation Global Human Rights Defence (GHRD) raised concerns over the continued misuse of blasphemy laws in Pakistan and their impact on religious minorities.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.