After transporters, OMCs decide on fares, oil supplies resume

OMCs had accepted demands of tankers that they would the fare as specified by OGRA and OCAC.

KARACHI: After weeklong protestations and behind the scene deliberations, the All Pakistan Oil Tanker Owners Association (APOTOA) has called off its strike and resumed supply of furnace oil to private power companies and Oil Marketing Companies (OMCs) across the country. 

The decision was taken after negotiations between representatives of OMCs and the tankers proved successful on Thursday evening.

APOTOA’s spokesperson Israr Shinwari told The Express Tribune that OMCs and private power companies had accepted their demand of paying transportation fares as per the rates specified by the Oil and Gas Regulatory Authority (OGRA) and Oil Companies Advisory Committee (OCAC).

“We have resumed the furnace oil supply to all the private companies from today and our tankers have started supplying petroleum products”, said Shinwari.

APOTA had gone on strike against private oil companies on Friday and suspended furnace oil supply following a discord over their due fares from the state-run Pakistan State Oil.