Karachi, May 21, 2025 – The Oil and Gas Regulatory Authority (OGRA) has approved a 6.6% increase in gas prices for consumers of Sui Northern Gas Pipelines Limited (SNGPL), a significantly smaller hike than the 40–42% increase demanded by the utility.
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OGRA Hosts Workshop to Strengthen Oil Sector Monitoring System
Islamabad, November 14, 2024 – The Oil and Gas Regulatory Authority (OGRA) has taken a significant step toward bolstering accountability in Pakistan’s oil sector by organizing a workshop focused on implementing an effective track and trace system.
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Ogra Proposes Cut in Diesel Deemed Duty
The Oil & Gas Regulatory Authority (Ogra) has recommended a significant reduction in deemed duty on high-speed diesel (HSD), urging that the current rate of 7.5% be cut to 5% for refineries that have not committed to upgrade agreements as outlined in the Pakistan Oil Refinery Policy.
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OMCs Directed to Ensure Petroleum Supplies During Eid Holidays
The Oil & Gas Regulatory Authority (OGRA) has issued a directive to Oil Marketing Companies (OMCs) to uphold uninterrupted supplies of petroleum products throughout the Eid holidays.
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OCAC Accuses Regulatory Body of Manipulating Diesel Price Reduction
ISLAMABAD: The Oil Companies Advisory Council (OCAC) has leveled accusations against the Pakistan regulatory body, claiming that the recent forced reduction and manipulation of high-speed diesel (HSD) prices has resulted in an inventory loss of Rs11 billion for the industry.
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Oil companies highlight severe impact of PKR depreciation
Oil Companies Advisory Council (OCAC) has highlighted severe impact of Pakistani Rupee (PKR) depreciation on the oil industry in a letter sent to the energy ministry and Oil and Gas Regulatory Authority (OGRA).
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OGRA cuts LPG rates for September 2022
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Wednesday reduced the prices of Liquefied Petroleum Gas (LPG) for the month of September 2022.
The regulatory body notified a price-revision of LPG for September, decreasing the commodity price by Rs75.11 per 11.8-kilogram cylinder.
According to the notification, the authority reduced the locally produced LPG price by Rs6.36 per kilogram.
After the revised price, the LPG cylinder would be sold in the open market at Rs2496.30 in September, which was available at Rs2,571.41 in August.
Whereas, the per Metric Ton (MT) LPG rate has been fixed at Rs211,551.06 for September. The commodity sale price per MT was Rs217,916.22 in August.
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New government keeps petroleum prices unchanged
ISLAMABAD: The new government – formed by leading political parties – on Friday decided to keep the prices of petroleum products unchanged for next fortnight.
The previous PTI government had decided to freeze the price of petrol at Rs150 per liter till June 30, 2022.
Prime Minister Muhammad Shehbaz Sharif has rejected the Oil and Gas Regulatory Authority’s (OGRA) proposal to hike prices of petroleum products in the country.
READ MORE: Pakistan cuts petroleum prices amid Russia-Ukraine War
It was announced by the Prime Minister while addressing an Iftar Dinner at Prime Minister House in Islamabad on Friday tonight.
The previous government on February 28, 2022 decided to reduce the prices of petroleum products despite the high international oil prices in the wake of Russia-Ukraine war.
The finance division had issued the notification to cut the prices of petrol and diesel by Rs10 per liter each from March 01, 2022.
READ MORE: Pakistan raises petrol price to record high at Rs160/liter
According to a statement issued by the finance division, the global prices of petroleum products are tracking the Ukraine-Russia war and resultantly surged to $100 per barrel. “The unprecedented increase is very risky for the domestic fuel prices and inflation,” it added.
The situation leaves very few options for the government, it said, adding that prior to review on February 28, 2022, the government had left more than Rs70 billion per month to keep the prices lower and providing relief to the masses.
READ MORE; Petroleum prices kept unchanged for next fortnight
In the fortnightly review on February 28, 2022, the Oil and Gas Regulatory Authority (OGRA) recommended Rs10 per liter increase in the prices of petroleum products.
According to the statement the new prices of the petroleum products effective from March 01, 2022 are:
The price of petrol slashed by Rs10 to Rs149.86 per liter from Rs159.86.
The rate of high speed diesel has been reduced by Rs10 to Rs144.15 per liter from Rs154.15.
The price of kerosene oil has been brought down by Re1 to Rs125.56 per liter from Rs126.56.
Similarly, the rate of light diesel oil has been slashed by Rs5.66 to Rs118.31 per liter from Rs123.97.
READ MORE: Pakistan’s petrol price rises to record high at Rs147.83
While retaining the prices at current level, Shahbaz Sharif said the government will bear burden of increase in prices of petroleum products itself instead of shifting it to the masses.
He said that the Prime Minister Office will now be working as Pakistan House where officers from across the country will serve.
The prime minister said consultation is underway over formation of federal cabinet and it will soon be fianlized.
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Petrol price increases to new high of Rs145.82 per liter
ISLAMABAD: The government on Thursday night announced an increase of Rs8.03 to Rs145.82 per liter in the price of petrol effective from November 05, 2021.
The government announced increase in prices of all petroleum products.
The price has been increased from previous high of Rs137.79.
Similarly, the price of high speed diesel has been increased by Rs8.14 to Rs142.62 from Rs134.48.
The rate of kerosene oil has been increased by 6.27 per liter to Rs116.53 from Rs110.26. Likewise, the price of light diesel oil has been increased by Rs5.72 per liter to Rs114.07 from Rs108.35.
A notification issued by the Finance Division stated that on November 01, 2021, the prime minister had not agreed with the proposals worked out by the Oil and Gas Regulatory Authority (OGRA) and the finance division directed to maintain the prices as notified on October 16, 2021.
It is pertinent to mention that maintaining the October 16, 2021 petroleum prices had some underlying concerns for cash flow issues due to short recovery of the cost, according to the statement.
It is important to note that in the previous petroleum prices, already a significant relief was provided to the consumers. The government is cognizant of its responsibility to provide maximum relief to the consumers.
“This has dented the petroleum levy budget of Rs152.5 billion during July – September, 2021 as compared to Rs20 billion realized only,” it said.
Foregoing in view, prices of petroleum products have been increased partially as compared to the prices being worked out by the OGRA. If the government had accepted OGRA’s recommendations, the new prices would have been much higher.
Infact, the government has absorbed the bulk of the pressure after making adjustment after making adjustment in the sales tax and petroleum levy. The collection of petroleum levy is far short of its fixed target for the first quarter of the fiscal year 2021/2022, it added.
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Petrol price goes up to record high at Rs137.79/liter
ISLAMABAD: The government on Saturday increased the price of petrol to a record high at Rs137.79 per liter. The government announced to increase prices of all petroleum products with effect from October 15, 2021.
The price of petrol has been increased by Rs10.49 to Rs137.79 from Rs127.30 per liter. The price of High Speed Diesel (HSD) has been increased by Rs12.44 to Rs134.48 from Rs122.04 per liter. The price of kerosene oil has been enhanced by Rs10.95 to Rs110.26 from Rs99.31 per liter. Similarly, the price of light diesel oil has been increased by Rs8.48 to Rs108.35 from Rs99.51 per liter.
A notification issued by the Finance Division said at present, oil prices have risen around $85 a barrel, which is the highest since October 2018.
Importantly, entire energy chain prices have witnessed a strong surge in the past couple of months due to higher demand for energy inputs and supply bottlenecks.
In the current scenario, the government has absorbed the pressure and provided maximum relief to the consumers by keeping petroleum levy and sales tax to a minimum level. Therefore, prices worked out by OGRA have been approved, according to the statement.