Articles for tag: daily pricing, deregulation, Diesel, fuel, mechanism, ogra, Oil price, Pakistan, Petrol, Petroleum

July 20, 2026

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 18, 2024

News Desk

International

Oil prices rise despite a bigger-than-expected fall in US crude inventories

SINGAPORE: Oil prices extended gains from Thursday’s previous session, boosted by a bigger-than-expected drop last week in crude inventories in the United States, the world’s biggest oil consumer. Brent futures were up 32 cents, or 0.4%, at $85.40 a barrel by 03:40 GMT, while U.S. West Texas Intermediate (WTI) crude gained 48 cents, or 0.6%. , at $83.33. Both contracts settled higher on Wednesday. U.S. crude inventories fell by 4.9 million barrels last week, according to the latest data from the U.S. Energy Information Administration. That exceeded the 30,000-barrel drop expected by analysts in a Reuters poll and a 4.4

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

Oil prices rise despite a bigger-than-expected fall in US crude inventories

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea