The Oil and Gas Regulatory Authority (Ogra) on Saturday advised all oil marketing companies (OMCs) to ensure the maintenance of their mandatory 20-day stock levels amid the impact of the Iran-Israel conflict on global oil supply.

In a statement issued today, the authority’s spokesperson said: “Ogra has confirmed that the country currently holds sufficient stocks of petroleum products to meet existing demand.

“However, in view of anticipated future requirements and the prevailing market situation, Ogra has formally advised all oil marketing companies (OMCs) to ensure the maintenance of their mandatory 20-day stock levels, in line with the conditions stipulated in their respective licences.”

The spokesperson said Ogra remained committed to monitoring the situation closely and would continue to take........

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