Articles for tag: daily pricing, deregulation, Diesel, fuel, HSD, motor spirit, ogra, Pakistan, Petrol, Petroleum

Pakistan Petrol Price Falls on Day 3 of Daily OGRA Mechanism; First Downward Revision Shows System Works Both Ways

Pakistan's daily OGRA petroleum pricing mechanism delivered its first downward revision on July 20, its third day of operation, as international oil prices softened relative to the seven-day average that governs the formula. Petrol fell from Rs316.15 to approximately Rs310.71 per litre. The fall contradicts the narrative of critics who described the daily mechanism purely as a vehicle for price increases — and demonstrates the symmetric design of the system — but the government's initial notice covered only July 18–20, and a fresh notification is now required for July 21.

July 19, 2026

All Pakistan Petrol Pump Owners Reject Daily Pricing Deregulation; Threaten Nationwide Pump Strike Next Week

The All Pakistan Petrol Pump Owners Association has rejected the government's daily petroleum pricing mechanism introduced on July 18, warning it will launch protests and a nationwide strike as early as next week if the decision is not withdrawn. The threat comes a day after Petroleum Minister Ali Pervaiz Malik chaired a stakeholder meeting at which the Oil Companies Advisory Council and oil marketing companies broadly supported the deregulation direction. The mechanism, under which OGRA publishes daily prices based on a seven-day Platts average, represents the first major restructuring of Pakistan's fuel pricing system in two decades.

July 18, 2026

Pakistan Scraps Fortnightly Fuel Reviews; OGRA to Set Petrol and Diesel Prices Daily From 7-Day Average

Pakistan has shifted from its previous fortnightly petroleum price review system to a new mechanism under which OGRA sets petrol and diesel prices daily based on the average international crude price of the preceding seven days. Federal Petroleum Minister Ali Pervaiz Malik announced the change as a move toward transparency and eventual deregulation. The immediate consequence is that global oil price movements — including those driven by the US-Iran conflict — will pass through to Pakistani consumers within 24 hours rather than a two-week buffer.

June 28, 2026

Wheat Growers Cry Foul as Punjab Reopens Procurement Without a Support Price

Punjab launched its 2026 wheat buying drive without a minimum support price, leaving growers selling below cost as the government completes its IMF-mandated exit from grain procurement.

September 12, 2024

Deregulation of Sugar, Wheat Markets: FPCCI

LAHORE: The Standing Committee on Agriculture of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended that the government deregulate the sugar and wheat markets, advocating a free trade approach. This will enable price messages to reach stakeholders, encouraging investment, increasing competitiveness and reducing distortions in local supply. FPCCI Agriculture Committee Chairman Ahmad Jawad highlighted the government’s possible plan to scrap sugarcane indicative prices as part of a broader effort to deregulate the sugar sector. Jawad noted that since only Punjab and Sindh currently impose price caps, deregulation may push sugar sales to other provinces where prices

July 25, 2024

The government will decide on the deregulation of petroleum products in a crucial meeting today

Listen to the article A meeting is to be held today regarding the possible delegation of the authority to set fuel prices to oil marketing companies (OMCs), sources in the petroleum ministry confirmed. Petroleum Minister Musadik Malik will chair the meeting, which will consider the devolution of power to set prices of petroleum products to OMCs, following a desk order issued by Prime Minister Shehbaz Sharif yesterday. In the ministerial order, the prime minister directed the Directorate of Petroleum to finalize and present the deregulation framework for the petroleum sector. Oil and Gas Regulatory Authority (OGRA) Chairman Masroor Khan is

July 24, 2024

The prime minister is moving to deregulate oil prices

The federal government has decided to transfer the power to set oil prices from the state to oil trading companies, sources revealed on Wednesday. Laborers said Prime Minister Shehbaz Sharif had ordered an end to the government’s role in setting oil prices, prompting Oil Minister Musadik Malik to convene a crucial meeting scheduled for tomorrow. The government is preparing to gradually hand over pricing power to oil trading companies. The Chairman of the Oil and Gas Regulatory Authority (OGRA) has been tasked with assessing the impact of oil price deregulation and developing a strategic framework. The final deregulation framework will

April 24, 2024

PBF and PPDA warn of oil price deregulation

LAHORE: Pakistan Business Forum (PBF) and Pakistan Petroleum Dealers Association (PPDA) said on Tuesday that any attempt by the Oil and Gas Regulatory Authority (Ogra) to liberalize oil prices is a recipe for financial disaster. Deregulation of oil prices could plunge the nation into hyperinflation and economic instability. Given the extreme volatility of the oil supply chain, manipulation could lead Pakistan to a situation where a small loaf of bread would cost more than a bag full of local currency. Addressing an emergency meeting with PBF, PPDA Executive Committee member Hassan Shah informed the audience that deregulation will make refineries

February 14, 2024