ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has taken notice of speculative reports circulating in certain sections of the media regarding alleged initial working on petroleum prices.
In a press statement issued on Friday, OGRA clarified that such reports are purely speculative and do not reflect the Authority’s position or any formal process. The regulator emphasized that petroleum price computations are carried out strictly in accordance with instructions issued by the Federal Government and within the prescribed timeframe.
OGRA further stated that any price-related computation would be submitted to the Federal Government only when formally required, and in line with established procedures and legal requirements.
The Authority urged the public and media to rely on official sources for accurate information regarding petroleum pricing matters.
