ISLAMABAD: The Oil and Gas Regulatory Authority has directed all Liquefied Petroleum Gas marketing companies to submit daily stock reports amid escalating tensions following the Iran United States conflict. The move aims to safeguard the LPG supply chain and prevent profiteering during the emerging regional energy crisis.

OGRA has instructed companies to report their LPG stock in storage and filling plants by 9 am each day, including quantities in transit or on vehicles. The data must be submitted in a prescribed format detailing plant name, available stock in metric tons and LPG on wheels. The regulator emphasized that accurate reporting is mandatory under the current emergency situation.

The authority has also warned that strict action will be taken against any hoarding or sale of LPG above the notified ceiling price. Officials made it clear that no plant, including EVTL and SSGCL terminals, will be allowed to manipulate supply for illegal gains. Enforcement action will be initiated on the basis of field inspections or verified complaints.

The directives were formally issued by Abdul Raheem, Executive Director LPG at OGRA, to all marketing companies. Firms have been instructed to ensure adequate stock levels in storage and filling plants to maintain uninterrupted distribution at regulated prices.

The regulatory move follows Qatar’s indication that it may not be able to provide LNG cargoes due to ongoing Gulf hostilities. Qatar accounts for around 20 percent of global LNG supply, and any prolonged disruption could tighten international markets. Crude oil prices have already surged above 83 dollars per barrel, while LNG spot rates continue to rise.

A ministerial committee overseeing petroleum supplies has been empowered to take necessary decisions to ensure energy security. Officials said contingency measures are being activated to protect domestic consumers and manage potential shocks to fuel availability and prices.