Tag Archives: OGRA

Petrol Price Likely To Go Up By Rs 5 In May

Petrol Price Likely To Go Up By Rs 5 In May


Sumera Saeed | April 20, 2018 | category: News

Petrol Price Likely To Go Up By Rs 5 In May. There are chances that the petrol price is likely to go up in the month of May. The petrol price in Pakistan will rise by Rs 5 per liter from May and it could be due to the increase in crude oil prices globally and also the devaluation or rupee against the US dollar.

It is expected that the Oil and Gas Regulatory Authority (OGRA) will probably increase the price of petroleum products in the month of May as the increase of Prices of Crude Oil will affect Pakistan as well. The petrol price will likely to go up to Rs.5 per liter.

According to reports the oil prices in international market are at its peak now, in addition, the recent rise in the price of crude oil is due to the reduction of oil resources in the USA.

The increase in the petrol price in Pakistan will be decided by OGRA and Ministry of Petroleum.

The government has decrease the petrol price by Rs.2 last month and if the government will increase the petrol price by Rs.5 its nothing more than torture to the people of Pakistan in the month of Ramadan.

For further updates stay in touch with daytimes.pk

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IMC Satisfied With Local Fuel Standards: It’s Not Damaging Toyota Cars Efficiency

IMC Satisfied With Local Fuel Standards: It’s Not Damaging Toyota Cars Efficiency


Sumera Saeed | April 5, 2018 | category: Autos and Vehicles

IMC Satisfied With Local Fuel Standards: It’s Not Damaging Toyota Cars Efficiency. We earlier reported you that Petrol In Pakistan Damaging Vehicles’ Engines.  The report conducted by the Oil and Gas Regulatory Authority (OGRA) has revealed that the petrol available in Pakistan is damaging the engines of vehicles.

Last year Honda Atlas filed a complaint to OGRA had revealed that the local petroleum companies in Pakistan have been participating a lot in damaging the engines of vehicles due to the combination of petrol and harmful chemicals.

The local fuel manufacturing companies are are using harmful chemicals to increase the RON of petrol.

On the other hand the Indus Motors Company (IMC) has revealed Toyota Cars have no problems with local fuel standards and run efficiently.

IMC Pakistan assembled Toyota cars running very efficiently on existing petroleum products obtainable in the Pakistani market

IMC revealed that they have no issue regarding the current petroleum products standard in Pakistan.

While responding to a question “Does IMC have any complaints about the quality of petroleum sold in Pakistan?” the Chief Operating Officer at IMC Pakistan, Ali Asghar Jamali revealed that company has no complains about petroleum quality in Pakistan.

This question was prompted by recent reports in the media where a leading car maker accused that the oil marketing companies in Pakistan are selling the lower RON quality petrol which is damaging the engines of vehicles.

But the IMC revealed that the locally assembling Toyota cars and other vehicles based on the standards set by the government of Pakistan.

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Petrol Price Likely To Decrease By Up To Rs. 5.26

Petrol Price Likely To Decrease By Up To Rs. 5.26


Sumera Saeed | March 30, 2018 | category: News

Petrol Price Likely To Decrease By Up To Rs. 5. The petrol price in Pakistan is likely to go down by up to Rs.5. the Oil and Gas Regulatory Authority (OGRA) has suggested to decrease the petrol price by Rs. 5.26 per litre.

After the surge of petro price for the past several months, consumers are likely to get some relief as the prices may go down up to Rs. 5.26 per liter. The new petrol prices will come in effect from 1st April, 2018.

In this regard OGRA has sent a recommendation letter to the federal government.

The regulation body has suggested the government to increase the per litre cost of light speed diesel by Rs. 0.55 and kerosene oil by Rs. 0.13 per litre.

If the OGRA summery got approved by the federal government by Prime Minister Shahid Khaqan Abbasi, the new petrol price will be Rs. 82.

But the prices of other petroleum products are to go high as well; the high-speed diesel may face an increase of Rs0.65 with the new price of Rs. 99.10 per litre from the existing Rs. 98.45 per litre.

The price of LDO, which is mainly used for industrial purposes, may increase for Rs. 0.55. increasing from Rs.65.30 to Rs.65.85.

On the other hand the price of kerosene oil may be increased from Rs76.46 to Rs76.59 per litre with an increase of Rs0.13 per litre.

According to the view of some of the industry experts government will not decrease the petrol price for up to Rs. 5.26 per liter. The federal government might decrease it up to Rs. 3.

For further updates about petrol price stay in touch with daytimes.pk

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Petrol In Pakistan Damaging Vehicles’ Engines: Report

Petrol In Pakistan Damaging Vehicles’ Engines: Report


Sumera Saeed | March 12, 2018 | category: Autos and Vehicles

Petrol In Pakistan Damaging Vehicles’ Engines: Report. The report conducted by the Oil and Gas Regulatory Authority (OGRA) has revealed that the petrol available in Pakistan is damaging the engines of vehicles.

Last year Honda Pakistan complained to OGRA had revealed that the local petroleum companies in Pakistan have been participating a lot in damaging the engines of vehicles due to the combination of petrol and harmful chemicals.

In order to increase the efficiency or petrol or making the fake higher quality petrol, the oil companies are using harmful chemicals to increase the RON of petrol.

Last year Honda Atlas filed a complaint to Oil and Gas Regulatory Authority (OGRA) blaming that the oil companies in Pakistan were mixing the chemicals with petrol and due to this reason the performance of Honda cars’ engines got damaged.

Honda Increases City and Civic Cars Price in Pakistan

The company y told OGRA that to meet its standards Research Octane Number (RON), the oil companies in Pakistan were adding manganese.

Now the report of OGRA has suggested that the claims of Honda were valid as the oil importers and refineries are using chemicals to increase the RON of petrol.

OGRA and Hydrocarbon Development Institute of Pakistan (HDIP) have carried sample test which showed an excessive presence of chemicals in petrol. The sample test of local oil manufacturing companies has been made to public.

The OGRA report revealed that to increase the quality of otherwise a low quality petroleum product the oil manufacturer companies in Pakistan are using harmful chemicals which is not only damaging the engines of vehicles but also harmful for humans as well.

It is important to mention here that Honda claimed that due to poor fuel quality it had to stop the production of its Honda Civic 1.5L Turbo.

Honda’s claim has also supported by Hascol petroleum. The company told that many refineries and oil companies in Pakistan are using Ferrocene to achieve the desired RON 90 and 92 standards. The mixture of additives like MMT and Ferrocene in petrol is resulting in damage to the engines, emission systems, spark plugs and fuel injectors.

As per OGRA report these chemicals cause the catalytic converter to choke after reacting with it and also harmful for human health and environment.

It is left to see how the local oil refineries and oil companies in Pakistan respond to revelation of report.

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Petrol Price Once Again To Meet Hike on February 1

Petrol Price Once Again To Meet Hike on February 1


Sumera Saeed | January 30, 2018 | category: News

Petrol Price Once Again To Meet Hike on February 1. The people of Pakistan are once again to bear the increase in the price of petroleum products.

The Oil and Gas Regulatory Authority (OGRA) has recommended an increase in the price of petroleum products. In this regard OGRA has sent summery to the federal government and proposed to increase the Petrol price up to Rs.2.98.

As per the OGRA recommendation the petrol price will increase up to Rs.2.98, Rs.12.74 increase is  suggested in the price of kerosene oil while the High-speed diesel will meet hike in Price o f Rs.10.25.

If the OGRA recommendation for the petrol price hike approved the Prime Minister Shahid Khaqan Abbasi then the new prices will be applicable from 1st February, 2018.

It is worth mentioning here that the government has gifted the nation with New Year gift by increase the petroleum products prices on 1st January, 2018.

On the other hand the petroleum products prices are also going to increase in UAE.   The petroleum prices in the UAE have been raised for February 2018.

Via

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Govt Set to Give New Year Gift by Soaring Petroleum Prices Upto Rs 13 Per Litre

Govt Set to Give New Year Gift by Soaring Petroleum Prices Upto Rs 13 Per Litre


Sumera Saeed | December 29, 2017 | category: News

Govt set to give new year gift by soaring Petroleum prices upto Rs 13 per litre. The incumbent government is all set to give new year’s costly gift to its masses as prices of petroleum are scheduled to be increased upto Rs. 13.

As final phase of the government’s period is going on and almost five months are left in completing its tenure, it is leaving no stone unturned to impose taxes and soaring prices of essential commodities. According to media reports, the petroleum prices would shoot up till Rs 13 on the eve of new year.

Majority of Pakistanis who belong to lower middle class, own motorcycle as their ride was already annoyed with increase of Petrol prices as during the last two to three months, the price of petrol has had been increased upto Rs 11n per litre so far.
The upward trend started when Petrol was being sold at Rs 68 per litre and now it is being sold at Rs 77. 47 per litre and after increase it will reach to almost Rs 82 per liter. This increase in Petroleum prices would not only affect the majority of motorcyclists but transporters who have increased fares on various long routes, would like to increase fares.
According to details, the fuel prices will go up as high as Rs 13. The authorities have decided to add Rs 4.06 in the per litre value of petrol. The price of high-speed diesel would be increased by Rs 5.83 per litre while there will be at least Rs 12.49 per litre increase in the price of light diesel.
The highest price spike will be seen in the rate of kerosene oil. Rs 13.58 per litre increase is likely to be witnessed in its price.

The formal approval to raise oil prices will be given by the Ministry of Finance after the Oil and Gas Regulatory Authority (OGRA) sends its summary.
The Ministry of Petroleum and Ministry of Finance will seek final approval from Prime Minister Shahid Khaqan Abbasi on petroleum products. It is worth mentioning that the government had hiked prices of petroleum products for the month of December.
During 2017 petrol price was up by 20.5 percent to Rs 77.47 per liter, high speed diesel was up by 18.5 percent to Rs 85.95 per liter, light diesel oil rose 20.25 percent to Rs 57.58 per liter and kerosene oil price was up by 33 percent to Rs 57.58 per liter.

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OGRA Proposes to Increase Petrol Prices by Up To Rs.10

OGRA Proposes to Increase Petrol Prices by Up To Rs.10


Sumera Saeed | December 27, 2017 | category: News

OGRA Proposes to Increase Petrol Prices by Up To Rs.10. We reported you earlier that the government has a plan to increase the petrol prices in the country with the beginning of the year 2018. And now the Oil and Gas Regulatory Authority (OGRA) has proposed to increase the petroleum products prices by Rs. 10 from January 2018.

The media reports revealed that the petrol price in Pakistan may increase by up to Rs.5.20 per liter in January 2018. The Pakistani rupee has brought down against the US dollar. The price of petrol sees surge in the international market as crude oil has seen $2 price hike per barrel internationally in the month of December.

The new Petrol Prices and other petroleum products will come into effect starting from 1st January 2018, if the federal government approved the OGRA suggestion.

Here is how much increase will be in petroleum products

  • 5.20 per liter in petrol prices
  • 6.00 per liter in light diesel oil (LDO)
  • 4.50 per liter in high-speed diesel (HSD) prices
  • 10.00 per liter in kerosene oil prices

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Natural Gas Prices Doubled For Domestic Consumers

Natural Gas Prices Doubled For Domestic Consumers


Sumera Saeed | December 22, 2017 | category: News

Natural gas prices doubled for domestic consumers.. The prices of natural gas for the domestic consumers have been increased by more than 100 percent and the consumers have received the first enhanced bill this month even the government has failed to maintain smooth and full pressure of the gas to the consumers in this winter season.

The price of the natural gas has been increased following the increase of the prices of all the gas fields and they had already increased their prices after the approval from the Oil and Gas Regulatory Authority (OGRA). The OGRA gave the approval in July this year to all 47 gas fields to increase the prices of gas by 111 percent and notification in this regard was issued accordingly.

The two main gas supply companies Sui Southern Gas Pipelines Limited (SSGPL) and Sui Northern Gas Pipelines Limited (SNGPL) have increased the prices from November this year and bills dispatched to consumers in the first week of December have been sent with more than 100 percent increase in the gas price.
A spokesman of the OGRA clarified that the increased allowed to gas fields with a view to meet their increasing expenditures and according they were allowed to increase the price of the natural gas being provided to the SNGPL and SSGPL, the main distributors of the gas to the domestic consumers. The government claimed that prices of natural gas in Pakistan are already very low as compared to the neighboring countries.
Pakistan has shortage of natural gas, and during the winter season, most of the domestic consumers remained without proper supply of the gas for two to three months in severe cold weather. The government has started import of LNG but still due to increasing demand in the gas both in domestic and commercial sectors, there is still shortage of the gas especially during the winter season.
The domestic consumers have expressed their concern and anguish over the new bills for the natural gas, which are almost double as compared to the previous months, even though they are not getting gas continuously with full pressure and people are forced to buy costly LNG through cylinders for even cooking purposes due to load-shedding of gas. Protests have become routine matter by the consumers against the government for load-shedding of the gas especially in morning and evening times when they need it for cooking purposes but the government has not been giving any attention to resolve this problem of the people.

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OGRA Suggests Increase in Petrol Price

OGRA Suggests Increase in Petrol Price


Sumera Saeed | November 29, 2017 | category: News

OGRA Suggests Increase in Petrol Price. The Oil and Gas Regulatory Authority (OGRA) has suggested increase in petrol price and the price of other petroleum products.

OGRA has recommended the federal government to increase petrol price and other petroleum products, according to sources.

The summery by OGRA has suggested Rs.1.48 increase in petrol price, while kerosene oil has a suggested increase of Rs.15.35, high-speed diesel of Rs.1 and Rs.13.15 increase for light-speed diesel.

The price surge of petroleum products has been suggested after sharp increase in crude oil price, according to an analyst.

Crude oil price has surged piercingly over the market assumption that the OPEC members meeting schedule for 30th November to meet in Vienna is possibly cut the daily oil supplies.

If the federal government approves the OGRA summery on the increase of petrol price and other petroleum products then the new prices will be applicable from 1st December 2017.

For further updates stay tuned with daytimes.pk

Petroleum-Prices

OGRA Likely to Decrease Petroleum Prices


Sumera Saeed | May 29, 2017 | category: News

The Oil & Gas Regulatory Authority (OGRA) has a plan to decrease the petroleum prices. In this regard they has outlined a summary and sent the recommendation to Petroleum Ministry.

The outlined summery by regulatory authority has suggested that the petrol price should be decreased by Rs 2.10 per liter, Rs 1.80 per liter reduction in high speed diesel, Rs 1.50 per liter in light speed diesel while the price of Kerosene oil is also likely to drop by Rs 3 per liter.

According to sources the new petroleum prices will be applied from 1st June 2017, after the approval of Ministry of Finance.

OGRA Wants increase in Petroleum Prices Up to Rs13 Per Litre From April 1

OGRA Wants increase in Petroleum Prices Up to Rs13 Per Litre From April 1


Sumera Saeed | March 30, 2017 | category: News

OGRA Wants increase in Petroleum Prices Up to Rs13 Per Litre From April 1

The Oil and Gas Regulatory Authority (Ogra) has Proposed to increase the price of Fuel in the country from 1st April, 2017.  In this regard Ogra has projected to Federal Government today on Thursday to increase the petroleum prices up to Rs13 per litre following fluctuations in global crude prices. Ogra has sent a summery to the Ministry of Petroleum and Natural Resources for increase the Petroleum product prices.

The final decision will be approved on Friday on the increase of Petroleum Prices.

New Prices of Petroleum Products:

Ogra had proposed an increase of Rs.2.28 per litre for petrol, Rs.2.04 for high-speed diesel (HSD), Rs.13 for kerosene oil and Rs.7.75 for light diesel oil (LDO).

After the increase the price of petrol will be of Rs75.28 per litre which is presently at Rs.73 while the price of high speed diesel will go up to Rs.84.04 per litre from the current Rs.82.

On the other hand the kerosene oil will be available at  Rs.57 per litre from the current of Rs.44 and the price of LDO will increase from Rs.44 to Rs.51.75 per litre.

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Now More General Sales Tax on Kerosene & Light Diesel Oil

Now More General Sales Tax on Kerosene & Light Diesel Oil


Sumera Saeed | January 2, 2017 | category: Autos and Vehicles

Now More General Sales Tax on Kerosene & Light Diesel Oil

Government has decided to remove the General Sales Tax (GST) on Kerosene & Light Diesel Oil. In an announcement government said that the GST that applies on all the petroleum based fuel sold in Pakistan will see a revision or complete removal. Government will only remove the GST on Kerosene oil and Light Diesel Oil (LDO) while the 14.5% GST on petrol has been left unchanged.

Government was collecting a 2% and 2.5% tax on kerosene and light diesel oil respectively, which is to waive off.  On the other hand the General Sales Tax on the other petroleum products will remain the same.

Petroleum Prices to Remain Same for January 2017

It is important to mention here that the government was earlier to increase the petroleum products prices up to Rs.7 on the proposal of Oil and Gas Regulatory Authority (OGRA), but later rejected the Ogra summery to remain the prices same for month of January.

Ogra Decides To Increase Petroleum Prices in January 2017

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Petroleum Prices to Remain Same for January 2017

Petroleum Prices to Remain Same for January 2017


Sumera Saeed | December 31, 2016 | category: Autos and Vehicles

Petroleum Prices to Remain Same for January 2017
Yesterday we reported that Ogra decided to increase the petroleum price by Rs.6.93 a litre for January 2017. But today it has been reported by the TV channels that government has rejected the proposal of Orga for the increase in the petrol price and said that the prices will remain the same for the month of January 2017.

Ogra Decides To Increase Petroleum Prices in January 2017

Ogra Proposed To Increase Petroleum Prices as mentioned below:

Ogra has proposed to increase Rs6.93 a litre in kerosene prices, which now stand at Rs50.18 a litre for January 2017.

On the other hand the price of high-speed diesel (HSD) has been raised by Rs3.94, to Rs79.16 a litre.

HSD is the top vending petroleum fuel in the country, as it is used by the large generators and heavy vehicle engines.

On the other hand the price of light diesel oil (LDO) has been increased by Rs3.48, to Rs46.82 a litre. LDO is consumed by the small engines and mills mostly operated in rural areas.

Though, a minimal surge of 31 paise has been intended by Ogra in petrol prices which have been raised to Rs66.58 a litre.

The three main aviation fuels including JP-1, JP-4 and JP-8 got the increase in price ranging between Rs4 and Rs6.

 

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Ogra Decides To Increase Petroleum Prices in January 2017

Ogra Decides To Increase Petroleum Prices in January 2017


Sumera Saeed | December 30, 2016 | category: Autos and Vehicles

Ogra Decides To Increase Petroleum Prices in January 2017

The Oil and Gas Regulatory Authority (Ogra) has decided to raise the petroleum prices in the country by January. Ogra said that the increase in petrol price is due to an uptrend on the global market.

In this regard Ogra has forward the summery to the Ministry of Petroleum, in which they showed that prices of kerosene and diesel were increased the most.

Ogra has made the calculation for the next month on the regular prices of petroleum products and the crude oil during the departing month. According to an official of Ministry of Petroleum, there is a traditional rise in prices of kerosene and the diesel fuels throughout November and December due to increase demands from most countries.

Ogra Proposed To Increase Petroleum Prices as mentioned below:

Ogra has proposed to increase Rs6.93 a litre in kerosene prices, which now stand at Rs50.18 a litre for January 2017.

On the other hand the price of high-speed diesel (HSD) has been raised by Rs3.94, to Rs79.16 a litre.

HSD is the top vending petroleum fuel in the country, as it is used by the large generators and heavy vehicle engines.

On the other hand the price of light diesel oil (LDO) has been increased by Rs3.48, to Rs46.82 a litre. LDO is consumed by the small engines and mills mostly operated in rural areas.

Though, a minimal surge of 31 paise has been intended by Ogra in petrol prices which have been raised to Rs66.58 a litre.

The three main aviation fuels including JP-1, JP-4 and JP-8 got the increase in price ranging between Rs4 and Rs6.

Though, a petroleum ministry official continued that the latest surge in global oil prices was generally due to a contract got by Organisation of Petroleum Exporting Countries (Opec) and some non-Opec members to decrease their production. However the contract is possible to begin from 1st January, 2017, as its impact is already visible.

The price of Opec basket of fourteen crude oils design to around $52 a barrel in December compared to around $43 a month earlier.

Simultaneously, the regular price of US benchmark West Texas Intermediate crude oil was $54 while the Brent crude was $56 a barrel in December.

In the same way, rates of oil fuel also increased in December. Officials guess that petroleum prices would remain to increase in January under the influence of global contract to cut oil production.

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Petroleum Prices to Remain Unchanged in November

Petroleum Prices to Remain Unchanged in November


Sumera Saeed | November 1, 2016 | category: News

Petroleum Prices to Remain Unchanged in November

We earlier reported you that the Government had allowed the import of the high Research Octane Number (Ron) 92. Pakistan State Oil (PSO) to import the Research Octane Number Ron 92 petrol in Pakistan in November 2016. The high quality fuel Ron 92 will be available for use in Pakistan in month of November and the government has decided to remain the petroleum price unchanged.

Prime Minister Nawaz Sharif has rejected the summary of the Oil and Gas Regulatory Authority (OGRA), which suggested raising the oil prices up to 15 % for November. OGRA proposed the petroleum price increase summery over the uptick of petroleum prices in International market.

PM said that the petroleum prices will remain unchanged in November and the government would bear the financial burden of four billion rupees.