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.
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).
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 […]
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 […]
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 […]
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 […]
ISLAMABAD: The government on Thursday announced increase in petroleum prices to be implemented midnight with effect from July 16, 2021 for next fortnight. The government announced an increase of Rs5.4 to Rs118.09 in price of petrol from Rs112.69. Likewise, the prices of high speed diesel increased by Rs2.54 per liter, from Rs113.99 to Rs116.53; kerosene […]
KARACHI: Oil and Gas Regulatory Authority (OGRA) has imposed a penalty of Rs10 million and suspended the marketing license of the company for Khyber Pakhtunkhwa. Hascol Petroleum Limited in a communication sent to Pakistan Stock Exchange (PSX) on Thursday informed that Ogra had communicated its order dated October 20, 2020 in respect of suspension of […]
ISLAMABAD: Authorities on Tuesday initiated legal action against Oil Marketing Companies (OMCs) for indulgence in hoarding of petroleum products (POL) and creating artificial shortage. At least two FIRs have been lodged against OMCs including Hascol Petroleum Limited and Gas & Oil Pakistan Limited for their involvement in black marketing of petroleum products. A team of […]
ISLAMABAD: Authorities to enforce license condition that Oil Marketing Companies (OMCs) must have 21 days stock in order to ensure availability of petroleum products. Prime Minister Imran khan chaired the meeting of the federal cabinet held on Tuesday. The prime minister directed the Minister of Petroleum and Oil and Gas Regulatory Authority (OGRA) to ensure […]