The federal government has signaled a major shift in Pakistan’s petroleum pricing mechanism by gradually reducing its role in setting fuel prices and moving towards a market-based system. The proposed reforms are aimed at making the pricing process more transparent while improving the country’s refining sector. Read More: Minister defends mechanism for fuel pricing, says no […]
oil refineries
OGRA documents expose key reasons behind Pakistan’s costly fuel prices
Official documents from the Ministry of Petroleum and the Oil and Gas Regulatory Authority (OGRA) have revealed that outdated refineries, heavy reliance on imported fuel, and high taxes remain the main reasons behind Pakistan’s expensive petrol and diesel prices. The findings show that import-related costs and government levies significantly increase retail fuel prices before they […]
IMF rejection halts Pakistan’s $6 billion refinery upgrade plans
Pakistan’s plans to upgrade its oil refineries hit a roadblock after the IMF rejected key government proposals linked to tax relief. The proposals were designed to support $6 billion in investment aimed at producing cleaner, Euro-V standard fuels. This decision has stalled the upgrade projects, according to officials from the Petroleum Division. The government had […]