oil marketing companies
Govt Forms Budget Committee to Review Rs. 72 Billion Recovery From Petrol Companies
The federal government has established a high-level budget committee to examine key fiscal matters ahead of the announcement of Pakistan’s FY2026-27 federal budget, including a proposal to recover Rs. 72 billion in windfall gains from oil marketing companies. According to an official notification issued by the Ministry of Finance, the committee has been formed under […]
FIA Alleges Oil Companies Received Payments for Fuel Not Yet Imported
A major controversy has emerged in Pakistan’s petroleum sector after the Federal Investigation Agency alleged that several oil marketing companies (OMCs) received government compensation payments for fuel stocks that had not even been imported at the time of payment. The revelations surfaced during an interim inquiry conducted by FIA’s Anti-Corruption Circle Karachi, which examined the […]
Govt Disburses Rs. 38 Billion to Stabilize Petrol Prices Under PDC Mechanism
The Oil and Gas Regulatory Authority has processed the disbursement of approximately Rs. 38 billion to oil marketing companies as part of the government’s efforts to maintain stable petrol prices across Pakistan. The payments have been made under the Price Differential Claims (PDC) mechanism, a system designed to compensate companies for selling petroleum products below […]
Petrol Dealers Raise Alarm Over Fuel Supply Disruptions Amid Refinery Shortfalls
The Oil Marketing Association of Pakistan (OMAP) has warned of a potential fuel supply crisis after local refineries reportedly deviated from previously agreed product supply commitments. Officials caution that unless immediate corrective measures are implemented, the national fuel distribution network could face significant disruption. In a letter addressed to the Chairman of the Oil and […]