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Oil and Gas regulatory Authority

OGRA approves SNGPL request for Rs. 8.5 Billion finance costs

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OGRA

In a positive step, the Oil and Gas Regulatory Authority (OGRA) has approved 88 percent of the finance cost requested by Sui Northern Gas Pipeline Limited (SNGPL) for FY23, passing Rs. 8.5 billion of the Rs. 9.7 billion finance cost initially requested by the company. This decision came after SNGPL provided an Independent Auditor’s certificate … Read more

OGRA announces LNG price reduction for December

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OGRA

Karachi: The Oil and Gas Regulatory Authority (OGRA) has officially announced a decrease in liquefied natural gas (LNG) prices for the month of December 2024. According to the recent notification, the LNG price for Sui Northern Gas Pipelines Limited (SNGPL) has dropped by $0.36 per million British thermal units (MMBTU), bringing the new price to … Read more

OGRA Announces New LPG Prices for December 2024

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LPG Prices Reduce in Pakistan

OGRA announces an increase in LPG prices for December 2024. LPG price is now at Rs254.30 per kilogram. The revised rates will take effect from December 1, 2024. ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced an increase in liquefied petroleum gas (LPG) prices for December 2024, aligning with the falling temperatures as … Read more

OGRA further increases price of LPG

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OGRA further
  • OGRA has issued a notification for the increase in cylinder price.
  • Domestic LPG cylinder has been made more expensive by Rs 11.53.
  • The new price of LPG per kg has been fixed at Rs 277.77 paise.

KARACHI: Giving another shock to inflation-hit people, the government has further increased the price of a domestic cylinder of Liquefied Petroleum Gas (LPG).

The Oil and Gas Regulatory Authority (OGRA) has issued a notification for the increase in domestic LPG cylinder price for the month of March.

According to the notification, domestic LPG cylinder has been made more expensive by Rs 11.53 paisa, the price of domestic cylinder has increased by Rs 136.6 paisa.

The new price of LPG per kg has been fixed at Rs 277.77 paise, while after the increase, the price of a domestic cylinder of 11.8 kg has been increased to Rs 3277. 73 paise.

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OGRA, NLC jointly arrange training course for HTV drivers

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training course for HTV drivers

OGRA in collaboration with National Logistic Cell (NLC) has arranged a training program for LPG drivers. State-of-the-art classrooms, video lectures, driving simulators, 3km driving track, and test facilities, a statement said. OGRA has issued directives to all LPG marketing companies, transporters, and producers to get their drivers trained. ISLAMABAD: The Oil and Gas Regulatory Authority … Read more

OGRA announces a price rise for LNG in May

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OGRA

Price of LNG increases by $6.22/MMBTU on the Sui northern system. Price increases by $6.87/ MMBTU on Sui southern system. The hike is for the month of May. The Oil and Gas Regulatory Authority (OGRA) on Friday issued a notification to grow the charge of liquefied herbal gasoline (LNG) for the month of May. According … Read more

Ogra, SBP meet to enhance credit limit to oil industry

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SBP

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) Chairman Masroor Khan, and Member (Oil) Zain-ul-Abideen Qureshi met the senior official of the State Bank of Pakistan (SBP) to discuss credit limits to the oil industry, a statement said. The meeting where Ogra officials met SBP Governor Reza Baqir, Deputy Governor and his team, discussed matters … Read more

Ogra continues inspection of petrol pumps in Karachi

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ogra

KARACHI: The Oil and Gas Regulatory Authority’s enforcement team has inspected 150 petrol pumps of different oil marketing companies (OMCs) to check accurate measurements of oil, quality, price and safety standards, a statement said. The Authority has been continuously inspecting petrol pumps with its third party inspectors in the southern region while this process shall … Read more

Pakistan bourse likely to remain under pressure

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pakistan stocks

KARACHI: The KSE-100 Index lost 404 points to close at 45,676 level during the outgoing week ended February 18, 2022. Going forward, analysts expect the market to remain under pressure after the National Assembly passed the Ogra Amendment bills to bring entire liquefied natural gas (LNG) and re-gasified liquefied natural gas (RLNG) licensing and pricing … Read more

FBR massively cuts sales tax on petroleum products

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fbr

KARACHI: The Federal Board of Revenue (FBR) on Thursday announced a massive cut in the sales tax rates on all petroleum products to lower the consumer price at retail outlets. The FBR issued SRO 183 (I)/2022 to make changes in the sales tax rates on the supply of petroleum products. Previously, the FBR issued SRO … Read more

FPCCI expresses surprise over purchase of LNG at inflated rates

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FPCCI

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo has expressed astonishment at the purchase of liquefied natural gas (LNG) at the rate of $30.6/MMBTU and said that this rate will destroy the fuel supply safety and foreign exchange reserves of the country, a statement said. Welcoming the visit … Read more

Ogra proposes Rs1.71/litre hike in petrol prices

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OGRA Sends Summary to Increase Fuel Prices From January 1

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has proposed a nominal increase in prices and decrease in diesel prices. In a summary presented before the Petroleum Division, the authority suggested an increase of Rs1.71/litre in the petrol prices and a decline of Rs2.27/litre in the prices of diesel. It also proposed an increase of … Read more

Federal Govt. Notifies lowering sales tax on petroleum products

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Budget 2021 petroleum price

The Federal government has on Wednesday (today) announced to lower sales tax on petroleum products.

According to a notification issued today, the sales tax on Kerosene oil was lowered to 10.07% against the previously charged tax of 15.44%. The sales tax on light diesel was lowered to 3.67% from 7.56%.

However, the notification mentioned that the sales tax would be charged at 17% on petrol, and high-speed diesel, and there would be no changes in it.

Petroleum products sales tax lowered

Prime Minister Imran Khan on May 31 turned down a proposal by the Oil and Gas Regulatory Authority (OGRA) for a rise in prices of petroleum products for the next 15 days.

The current price of petrol stands at Rs108.76 per litre, whereas the per-litre prices of diesel, kerosene oil, and light diesel are Rs110.76, Rs80, and Rs77.65.86, respectively.

Earlier, the Oil and Gas Regulatory Authority (OGRA) had increased the price of LPG.

According to the notification, the price of LPG has been increased by Rs 8.4 per kg.

According to the notification, LPG has increased the price of 11.8 kg domestic cylinder by Rs 94.89 paise, after which the new price of the domestic cylinder has gone up to Rs 1,667.29 paise. Whereas in May, the domestic price of LPG cylinder was Rs 1,572.40 paise. The price of the commercial cylinder is fixed at Rs 6,415.

The notification further said that the new LPG prices would be applicable for June 2021.

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OGRA issues notification to increase price of LPG

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LPG Price increase

Oil and Gas Regulatory Authority (OGRA) has increased the price of LPG. According to details, OGRA (Oil and Gas Regulatory Authority) has issued notification for a price increase of LPG for the month of June 2021. According to the notification, the price of LPG has been increased by Rs 8.4 per kg. According to the … Read more

Petrol Price Jacks Up By Rs1.90 per litre

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Government Increases Price Of Petrol By Rs 5.40

The government has on Monday (today) increased the prices of petroleum products by Rs 3.

The Oil and Gas Regulatory Authority (OGRA) has sent a summary of changes in prices of petroleum products to the Petroleum Division.

According to sources, the OGRA has recommended a Rs1.90 increase in per litre price of petrol while a Rs3.25 increase in that of high-speed diesel.

After seeking approval from Prime Minister Imran Khan, the new price for petrol after the rise will be Rs110.49 whereas, for diesel, the new price will be Rs114.11.

However, the new prices for petrol and high-speed diesel will be applicable from 12 a.m (tonight).

Earlier on April 30, Prime Minister Khan had rejected a summary sent by the Oil and Gas Regulatory Authority (OGRA) for hiking the price of petroleum products.

Previously, OGRA had sent a summary of changes in the prices of petroleum products to the Petroleum Division. Sources said that the prices of petroleum products are likely to go up on February 16.

According to sources, crude oil prices had risen in the global market due to which the price of petrol in the country is likely to increase by Rs 5.50 per litre.

Similarly, the price of diesel might increase by Rs 5.75 per litre, Ogra prepared its summary on the basis of a levy of Rs30 per litre.

Sources said that OGRA in its summary had proposed to increase the price of petrol by up to Rs 16 per litre, in the summary of OGRA it has proposed to increase the price of diesel by Rs 14 to 75 paise.

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Federal Govt Decides To Maintain Prices Of Petroleum Products

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Federal Govt Decides To Maintain Prices Of Petroleum Products

The federal government has decided to maintain the prices of petroleum products. Special Assistant Dr Shahbaz Gill said on social networking site Twitter that Prime Minister Imran Khan had decided that the price of petroleum products would not be increased. The OGRA summary recommended an increase of Rs. 5 to 10. The Prime Minister rejected … Read more

OGRA recommends increase in price of petrol: sources

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Petrol Price Hits Record High In Country's History

The Oil and Gas Regulatory Authority (OGRA) has sent a summary of the changes in the prices of petroleum products to the Finance Ministry. According to the details, the OGRA has suggested an increase of Rs 5.75 in the price of petrol per litre from May 1st. OGRA has also proposed to increase the price … Read more

Petrol Crisis 2020: Govt Approves Criminal Proceedings Against Those Responsible

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Petrol Crisis 2020: Govt Approves Criminal Proceedings Against Those Responsible

The government has approved criminal proceedings against the Petroleum Division, OGRA officials, board officers and oil marketing companies. According to sources, the federal government has taken a major decision on the petrol crisis report of the cabinet committee and approved criminal proceedings against the Petroleum Division, OGRA officials, board officers and oil marketing companies have … Read more

Petrol Price Likely To Cut Down By Rs1.50 Per Litre From April 1st, sources

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Petrol price remain unchanged till 31st May

The prices of petrol and diesel likely to decrease by Rs1.50 per litre and Rs 2.50 per litre, respectively from the month of April.

According to sources, the prices of petroleum products may go down by Rs2.50 from April 1 as the Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Petroleum Division here on Tuesday.

The prices of petroleum products may remain the same if the government decided to raise the tax, sources added.

However, sources further informed that the current tax on petrol is Rs11.23 per litre and Rs12.74 per litre on diesel.

The Prime Minister will make a final decision about the prices of petroleum products, the sources added.

Earlier in February, the Oil and Gas Regulatory Authority (OGRA) had sent a summary of changes in prices of petroleum products to the Petroleum Division.

OGRA had sent a summary of changes in the prices of petroleum products to the Petroleum Division. Sources said that the prices of petroleum products are likely to go up on February 16.

Crude oil prices had risen in the global market due to which the price of petrol in the country is likely to increase by Rs 5.50 per litre.

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PM Asks SAPM Nadeem Babar To Resign Over Petrol Crisis 2020

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PM Asks SAPM Nadeem Babar To Resign Over Petrol Crisis 2020

Federal Minister for Planning Asad Umar has said that Prime Minister Imran Khan has directed Special Assistant to Petroleum Nadeem Babar to resign from his post immediately. Addressing a press conference along with Federal Ministers Shafqat Mehmood and Shireen Mazari, Planning Minister Asad Umar said that mistakes have been identified in the petroleum sector and … Read more

Cabinet Approves Action Against Oil Marketing Companies, Petroleum Dealers

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Cabinet Approves Action Against Oil Marketing Companies, Petroleum Dealers

The federal cabinet has approved action against oil marketing companies and petroleum dealers. According to sources, the federal cabinet has approved the partial implementation of the commission report after a delay of three and a half months. Sources said that contrary to the report of the commission, other officers including Secretary Petroleum were spared from … Read more

Petrol, Diesel Price To Remain Unchanged For The Month Of March

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Petrol, Diesel Price To Remain Unchanged For The Month Of March

The price of petrol for the month of March will remain constant as announced by the government here on Monday. The price of kerosene oil and light diesel has been raised, announces Federal Minister for Finance, Abdul Hafeez Sheikh. Abdul Hafeez Sheikh said that the price of kerosene oil has been risen by Rs3.42 per … Read more

OGRA suggests increase in petroleum product prices

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Petrol

The Oil and Gas Regulatory Authority (OGRA) has sent a summary of the changes in prices of petroleum products to the Finance Ministry. According to the details, the summary proposed an increase of Rs. 5 in per litre price of petrol based on the current levy. OGRA has also proposed to increase the price of … Read more

OGRA approves hike in gas prices by Rs13.42 for SNGPL consumers

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OGRA gas price hike

The Oil and Gas Regulatory Authority (OGRA) has on Wednesday approved hike up to 2 percent in gas prices for Sui Northern Gas Pipelines Limited (SNGPL) consumers.

The OGRA has proposed a hike in gas prices for the fiscal year 2020-21. The gas prices will be applied following notification of the government.

According to OGRA, the gas price for the Sui Northern Gas Pipelines Limited (SNGPL) consumers has been increased by Rs13.42 per MMBTU. SNGPL had requested OGRA to increase Rs123 per MMBTU.

The newly revised price to be borne by consumers is Rs644.59 per mmbtu.

Earlier, OGRA had hiked up gas prices by almost Rs40 per MMBtu for Sindh, Balochistan consumers.

Rs39.89, in the total tariff, haf been increased by OGRA that will be applicable after the government issues the notification to this effect.

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SSGC appoints Imran Munyar as its new MD

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SSGC

Sui Southern Gas Company (SSGC) has appointed Imran Munyar as its new managing director (MD).

According to the SSGC spokesperson, the approval of the appointment of Imran Munyar was given by the board of directors.

It is pertinent to mention here that that for the first time in the last five years, a permanent MD has been deputed at SSGC.

After an abundance of consumers filed complaints against over-billing by SSGC in gas utility charges, last week, the Oil and Gas Regulatory Authority (OGRA) had authorized Hydrocarbon Development Institute of Pakistan (HDIP) to inspect meter readings and determine if there’s a discrepancy.

Earlier, The Sui Southern Gas Company (SSGC) had received funds amounting to Rs 662.693 million to provide natural gas to 40 villages and localities of Balochistan province during the last five years.

According to reports, the funds had been provided under the Sustainable Development Goals Achievement Programme.

The villages gasification project cost was around Rs763.659 million, in which the company’s share stood at Rs140.594 million and the Government of Pakistan share Rs 623.065 million.

Out of the received Rs 662.693 funds, an estimated amount of Rs 241.627 million had utilized on laying the pipeline network.

The company has so far had provided gas to eight villages, while rest of 32 schemes would be tentatively completed by June 2020.

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OGRA Increases Gas Prices By Almost Rs40 For Sindh, Balochistan Consumers

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Gas prices

On Thursday, the Oil and Gas Regulatory Authority (OGRA) has hiked up gas prices by almost Rs40 per MMBtu for Sindh, Balochistan consumers.

According to the details, OGRA in its decision today has agreed upon the SSGC request to hike in utility prices. The new revised price is Rs778.59 per MMBtu.

Rs39.89, in the total tariff, has been increased by OGRA that will be applicable after the government issues the notification to this effect.

It is pertinent to mention here that once the decision on gas price hike is approved, which is expected tomorrow, the same will be applicable to the consumers of Punjab and Khyber Pakhtunkhwa provinces.

Earlier on 20th January, the Sui Southern Gas Company (SSGC) had announced a reduction in the supply of gas from its Naimat basal field.

The reduction had increased the misery of Karachi residents who are already facing sporadic outages and low gas pressure since winter started.

SSGC said supply in their system has observed a reduction. “There is a technical fault at the Naimat Basal Gas Field,” the company said in a statement.

Karachi would witness a shortfall of 100 million cubic feet per day (mmcfd) because of the fault.

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Prices of petrol, diesel likely to surge: sources

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Petrol

Petrol and Diesel prices are expected to rise more following the surge in petrol rates twice in the current month of January.

According to sources, the Petroleum Division has sent a summary of petrol and diesel premium and dealer margin increase to the Economic Coordination Committee (ECC) for consideration.

The summary has proposed an increase of 45 paisa per liter in OMC petrol premium margin and 58 paisa per liter in dealer margin, sources added.

It has been proposed to increase the OMC margin of high-speed diesel by 45 paisa per liter while the margin of dealers likely to surge by 50 paisa per liter.

After the proposed increase in petrol, OMC margin will increase from Rs2.81 paisa to Rs3.26 paisa per liter while dealers margin will increase from Rs3.70 paisa to Rs4.28 paisa per liter.

Whereas, after the proposed surge on high speed diesel, the OMC margin will increase from Rs2.81 paisa to Rs3.26 paisa per liter while the dealers margin will increase from Rs3.12 paisa to Rs3.62 paisa per liter.

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