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Minister promises action to deal with the diesel crisis

Islamabad: Oil Minister Musadik Malik has expressed ignorance about excessive diesel imports by some oil marketing companies (OMCs), which are jeopardizing the operations of local refineries. The Oil Companies Advisory Council (OCAC), which represents refiners and exploration companies, recently raised the issue of bulging diesel inventories, which jumped to 49 days of consumption. He blamed the situation on permission for bulk imports of diesel from the Petroleum and Natural Gas Regulatory Authority (Ogra) to some OMCs, resulting in reduced demand for the products produced by the refineries. When asked by reporters at a press conference on Wednesday, Oil Minister Musadik