Tag Archives: OGRA

Oil Industry Concerns Over Restrictive Pricing The oil industry in Pakistan has raised serious concerns over the restrictive pricing of motor fuels, which has reportedly caused significant financial losses. The Oil Companies Advisory Council (OCAC), representing refineries and oil marketing companies (OMCs), expressed these concerns in a letter to the Oil and Gas Regulatory Authority (OGRA) chairman. The council warned …

The price of petroleum products in Pakistan is expected to rise by Rs2.75 per litre. The Oil and Gas Regulatory Authority (OGRA) has submitted proposals aimed at increasing the profits of oil companies and petrol pumps. Proposed Profit Margin Increases Sources indicate that the proposal sent to the government includes an increase in the profit margin for oil companies by …

Expected Price Cuts Pakistan might experience a notable reduction in fuel prices soon, with potential cuts of up to Rs12 per litre for various petroleum products. Industry sources suggest that petrol prices could decrease by over Rs9 per litre, while high-speed diesel (HSD) may see a reduction of up to Rs8.50 per litre. Kerosene oil might also become cheaper, with …

Prime Minister Shehbaz Sharif has announced a major reduction in petroleum product prices following a decline in global crude oil prices, bringing much-needed relief to the public. The Ministry of Finance issued an official notification on Wednesday confirming the price adjustments, effective from midnight and valid for the next fifteen days. Under the new rates, the price of petrol has …

Following a recent decline in global crude oil prices, Pakistan is set to witness a substantial drop in petroleum product prices. Sources indicate that from August 1, the price of petrol may fall by Rs5.50 per litre. High-speed diesel (HSD) could see a reduction of up to Rs11 per litre, while kerosene is anticipated to become cheaper by Rs5.84 per …