Tag: ogra

3 New Firms Apply for Gas Sale Licences as Existing Private Players Remain Largely Inactive

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natural gas prices

ISLAMABAD: Despite nearly a dozen private firms holding licences to sell natural gas but remaining mostly non-operational, three new companies have applied to enter Pakistan’s gas market following recent policy reforms aimed at increasing private-sector participation. The Oil and Gas Regulatory Authority (Ogra) has formally admitted licence applications from Blue Gas (Pvt) Ltd, Essen Gas Marketing & Distribution Ltd, and Master Marketing International to undertake the regulated activity of natural gas sales. In their submissions, the applicants stated that they intend to utilise the existing pipeline infrastructure of the two…

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PAC Report Slams Ogra for Failing to Protect Gas Consumers, Ignoring Company Misconduct

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has come under fire for failing to protect consumers from malpractice by gas companies, including Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), according to an Audit Report for 2022–23 presented to a sub-committee of the Public Accounts Committee (PAC) on Wednesday. The report highlights Ogra’s inability to take punitive action against gas utilities, despite repeated instances of consumer exploitation. Key issues cited include excessive billing, unjustified tampering charges—even after Ogra had previously ruled against them—improper meter installations,…

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OGRA reduces imported LNG prices for May

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OGRA

The Directorate General of Petroleum Concessions (DGPC) has provisionally awarded 10 new onshore exploration blocks to MariEnergies, one of Pakistan’s largest exploration and production (E&P) companies. “These blocks have been awarded after competitive bidding on the basis of work units committed by various E&P companies in the Pakistan E&P Onshore Bid Round 2025 (30th April 2025) conducted by the DGPC,” MARI said in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, MARI will operate seven blocks as an operator. At the same time, the…

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SNGPL Challenges OGRA’s Methodology in LHC, Raises Concerns Over ROA Calculation

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SNGPL-Office

Sui Northern Gas Pipelines Limited (SNGPL) has approached the Lahore High Court (LHC), contesting the Oil and Gas Regulatory Authority‘s (OGRA) methodology for calculating the Return on Assets (ROA). This development highlights the ongoing disputes between SNGPL and OGRA regarding gas pricing and regulatory frameworks. Key Issues: Potential Implications: Story by Wasim Iqbal

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Petrol Sees Re1 Hike, High-Speed Diesel Jumps by Rs7 in Latest Price Revision

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petrol-price

The government has slightly increased the price of petrol by Re1 per litre and high-speed diesel (HSD) by Rs7 per litre for the next fortnight, according to a press release issued by the Finance Division on Friday. The revision follows an assessment by the Oil and Gas Regulatory Authority (Ogra) in response to fluctuations in the international oil market. With the new adjustment, the price of petrol now stands at Rs257.13 per litre, while HSD is priced at Rs267.95 per litre. No changes were mentioned for light diesel oil and…

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