Oil Marketers Hoarding Fuel Supplies Over Delayed Compensations

The government has finally admitted to delays in compensating margins to Oil Marketing Companies (OMCs) from the fuel stabilization mechanism.

This has resulted in the current fuel shortage as the marketers hoard fuel supplies in what is seen as an attempt to force payments from the exchequer.

“The recent escalation in international prices has resulted in huge differences between the actual calculated and stabilized pump prices,” EPRA said in a statement on Saturday.

The government has finally admitted to delays in compensating margins to Oil Marketing Companies (OMCs) from the fuel stabilization mechanism.

This has resulted in the current fuel shortage as the marketers hoard fuel supplies in what is seen as an attempt to force payments from the exchequer.

“The recent escalation in international prices has resulted in huge differences between the actual calculated and stabilized pump prices,” EPRA said in a statement on Saturday.

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