Finance Minister Muhammad Aurangzeb to Head High Powered Panel Investigating Massive Oil Company Windfall Profits
Prime Minister Shehbaz Sharif has established a high-level committee to investigate seventy-two billion rupees in alleged windfall profits made by oil marketing companies.
Federal Government Implements Another Relief Reduction on Domestic Petrol and Diesel Prices
The federal government slashes retail prices for high-speed diesel and petrol to provide financial relief amidst shifting global energy pricing cycles.
Ministry Reveals Heavy Tax Burden on Petrol Prices Amid Global Oil Crisis
Official Ministry of Energy documents disclose that taxes and profit margins account for 46% of petrol costs following the recent record-breaking price hike.
OGRA Receives 27 Billion Rupees to Settle Oil Price Differential Claims
The Oil and Gas Regulatory Authority (OGRA) receives an initial 27 billion rupee tranche from the PM’s Austerity Fund to settle price differential claims for OMCs.
OCAC Requests Emergency Shift to CIF Imports to Secure Fuel Supply Amid Middle East War
The Oil Companies Advisory Council seeks temporary State Bank approval for CIF imports as war risk premiums and shipping volatility threaten the national fuel supply chain.
OGRA Orders Fuel Stockpiling as Middle East Conflict Raises Energy Security Concerns for Pakistan
OGRA directs refineries and oil marketing companies to maintain higher petroleum reserves amid escalating Middle East tensions involving the US, Israel, and Iran, as Pakistan moves to safeguard energy supply.
Puma Becomes First Oil Marketing Company to Enable Cashless Economy in Pakistan with HBL Konnect
Puma has partnered with HBL Konnect to become Pakistan’s first oil marketing company offering cashless payments and branchless banking at fuel stations, driving digital adoption and customer convenience.