Balance stock of controversial petrol re-sold
The balance stock of the 2,600 mt of petrol out of the controversial
stock imported by the CPC was re-sold and sent back to the supplier on
March 7, the Petroleum Industries Ministry said in a press release
yesterday.
This is in compliance with the recommendations made by the special
committee appointed to probe the import of the controversial stock, the
release said.
The release said the balance stock was sold to the supplier according
to the normal tender procedure and the CPC was able to obtain a price
much higher than the imported price enabling the CPC to recover the loss
incurred due to the leftover stock.
The release said the attention of the suppliers has also been drawn
towards recovering the compensation payment made by the CPC to vehicle
owners whose vehicles were damaged by using the controversial petrol.
The CPC has taken all steps to ensure that it did not incur any
losses on account of the controversial petrol stock. Therefore the
allegation made by critics that the CPC suffered a loss of Rs 600
million from the controversial stock of petrol was completely false and
unfounded. |
