This oil crisis inquiry report once public is going to irk quite a few. Although, this will point towards incompetence of authorities, you can't take the credit away from the PM.
What do the authorities do? Mum.
You decide.
Example: Puma Energy is allowed (based on storage) 70 outlets. It operates how many? 600!
They get away with minimal fines. How much? Rs 100,000 for each excess outlet.
Who writes these jokes?
They showed delivery to Lower Dir in lockdown days when tourism was standstill. Made millions in lieu of IFEM.
This is just one example. There are plenty more.
Several instances where the last 4 days supply of June (when the prices were revised) matched or exceeded the first 26 days supply to petrol pumps by OMCs.
Do your math guys
Do more math.
The impact of hoarding by keeping the vessel at sea amounts to Rs2 billion.
Forget sugar and wheat - the real mafia is the oil lot. From the regulator to the players. Sickening to the core.
Fine imposed for regularization of 753 retail outlets? PKR 138 million.
OCAC meanwhile, assumes no responsibility for the authenticity or verification of the same data.
Cool?
It takes all decisions from data collection to deciding IFEM rates across the country, to berthing management. It represents Pakistan's biggest industry - yes bigger than power, gas or even textile.
Cooler?
This points to rampant HSD smuggling in the country, of which only a miniscule has been spotted & countered.
It does not stop there, it then gets transported across all provinces, with varying degree of transportation premiums.
A penalty of Rs65 million in FIVE years, where the product should ideally have been confiscated. The incentive to adulterate is right there in these petty penalties.
More from Economy
One of the hardest problems post-pandemic will be how to revive so-called "left behind" places.
Post-industrial towns, run-down suburbs, coastal communities - these places were already struggling before the crisis and have fared worst in the last year.
What should we do?
Today, @ukonward sets out the beginning of a plan to repair our social fabric. It follows our extensive research over the last year, expertly chaired by @jamesosh, and funded by @jrf_uk, @Shelter and @peoplesbiz.
https://t.co/d3T5uPwG9N
Before I get into recommendations, some findings from previous Onward research.
In 2018, we found 71% of people believe "community has declined in my lifetime"
In 2019, we found 65% would rather live in “a society that focuses on giving people more security” vs 35% for freedom
This was the basis for our identification of 'Workington Man' as the archetypal swing voter in 2019, and led us to predict (correctly) that large numbers of Red Wall seats could fall. A key driver was a desire for security, belonging and pride in place.
There is also a key regional dimension to this. We also tested people's affinity with the UK's direction of travel, across both cultural and economic dimensions - revealing the extraordinary spread below: London vs. the Rest.
https://t.co/HrorW4xaLp
Post-industrial towns, run-down suburbs, coastal communities - these places were already struggling before the crisis and have fared worst in the last year.
What should we do?
Today, @ukonward sets out the beginning of a plan to repair our social fabric. It follows our extensive research over the last year, expertly chaired by @jamesosh, and funded by @jrf_uk, @Shelter and @peoplesbiz.
https://t.co/d3T5uPwG9N

Before I get into recommendations, some findings from previous Onward research.
In 2018, we found 71% of people believe "community has declined in my lifetime"
In 2019, we found 65% would rather live in “a society that focuses on giving people more security” vs 35% for freedom

This was the basis for our identification of 'Workington Man' as the archetypal swing voter in 2019, and led us to predict (correctly) that large numbers of Red Wall seats could fall. A key driver was a desire for security, belonging and pride in place.

There is also a key regional dimension to this. We also tested people's affinity with the UK's direction of travel, across both cultural and economic dimensions - revealing the extraordinary spread below: London vs. the Rest.
https://t.co/HrorW4xaLp
