Karachi December 2 2022: Oil and Gas Regulatory Authority (OGRA) has increased the OMC margins up to 40 percent on petroleum products, in its recent price notification.
OGRA increased Oil Marketing Companies (OMC) margins on High Speed Diesel (HSD) by 39.1 percent while 8.7 percent on Motor Gasoline (MS).
Earlier on November 1 2022, ECC approved the summary in principle and allowed the agreed revised margin at PKR 6 per liter from PKR 3.68 per liter for Oil and Marketing Companies but its implementation was subject to fiscal space in POL prices.
On November 30th, ministry of finance announced to keep the petrol and HSD prices unchanged at PKR 224.80 per liter and PKR 235.30 to adjust decline in ex-refinery prices for increasing IEFM and OMC margins.
