Oil Companies Tell OGRA to Pay Higher Margins Immediately
Oil marketing companies (OMCs) have urged the Oil and Gas Regulatory Authority (OGRA) to implement a pending increase in their … Read More The post Oil Companies Tell OGRA to Pay Higher Margins Immediately appeared first on ProPakistani .
Oil companies have implored the Oil and Gas Regulatory Authority (OGRA) to promptly approve a margin increase and address outstanding price claims totaling Rs. 66 billion. The Oil Companies Advisory Council (OCAC) conveyed this request, warning that the oil sector should not bear the brunt of supply chain disruptions caused by its financial challenges.
The unpaid claims have been outstanding since March 2026, amounting to the cost of approximately five imported petrol shipments. OCAC emphasized the need to expedite the verification process and release the overdue payments. The last margin increase for oil marketing companies occurred in September 2023, with a Rs. 1.34 per liter boost in August 2026.
However, the pending Rs. 1.22 per liter increase for OMC margins has yet to be implemented. OCAC stressed the urgent need to resolve the situation, as oil marketing companies are grappling with significant financial pressures. Regional tensions have exacerbated supply chain issues, and the oil industry's precarious financial state further complicates supply management.
OCAC called for a meeting with the OGRA chairman to discuss the matter and called for an early resolution of the outstanding issues.
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