Islamabad September 7 2022: A meeting of Oil and Gas Regulatory Authority (OGRA) and Oil Marketing Companies (OMCs) held on Wednesday to discuss the proposals about the deregulation of petroleum product prices.
The meeting presided over by OGRA Chairman Masroor Khan discussed suggestions presented by representatives of OMCs threadbare.
Another meeting would be held with refineries and other stakeholders in second phase to obtain their side of the picture, besides developing a roadmap on the way forward with the objective to develop final Terms of Reference (TORs) for deregulation.
Member Gas, Member Oil, Member Finance, other senior executives of OGRA and Ministry of Energy (Petroleum Division) with CEO’s of OMC’s, Members of OCAC and other industry players attended the meeting.
After the brainstorming sessions both with OMCs and Refineries, OGRA would finalize the terms of reference for the government’s consideration on how to advance the deregulation of the oil and gas sector.