Oil crisis

After slamming Pakistan's Auto Industry, the prevailing LCs issue is embarked on hitting the oil market in Pakistan. Oil companies have warned the finance ministry, narrating the looming oil crisis in the…

The Role of OGRA The Oil and Gas Regulatory Authority (Ogra) has been allegedly manipulating the exchange rate adjustment to keep petrol prices low in the country. This manipulation has led Pakistan State…

After last night’s petrol price increase, an oil crisis is now looming around the country. The oil transporters have announced a “peaceful protest” for an indefinite period. They want the government to increase…

A federal fuel committee, investigating the recent oil crisis in Pakistan, has found nine Oil Marketing Companies (OMCs) guilty for hoarding. In its report, the committee said these companies deliberately…

The Oil and Gas Regulatory Authority (OGRA) has taken a strict action against Oil Marketing Companies (OMCs) over the recent oil crisis. The authority have imposed a penalty of Rs40 million on six OMCs. The…