A meeting of the Cabinet Committee on Energy was held under the Chairmanship of the Minister for Planning, Development and Special Initiatives Asad Umar in Islamabad today [Thursday].
According to details, OGRA presented the status of revision in the rules regarding punitive measures and fines.
The meeting was informed that fines will be imposed for non-compliance of the license conditions and violation of OGRA rules by the licensees. The fines have been revised for licensees across petroleum value chain.
The maximum penalty against major violations is starting from 10 million to 500 million.
The Committee directed OGRA to consider additional measures for illegal gains and fraudulent activities of the licensees. OGRA was directed to send the summary to the Cabinet Division within two weeks to implement the changes as soon as possible.
OGRA also presented the report on the establishment of a monitoring system for the sale of petroleum products. The CCOE directed OGRA to implement an end-to-end automation and digitization of reporting to account for all transactions in future and have accurate data collection.
Source: Radio Pakistan