Karachi December 16 2022: Oil and Gas Regulatory Authority (OGRA) has increased the OMC margins on MS Petrol by 25 percent to PKR 5 per liter, in its recent price notification.
However, OGRA reduced OMC margin on HSD (Diesel) by 20 paisas to PKR 5.21 per liter.
On December 1 2022, 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.
