Oil Marketing Companies

Oil marketing companies seek recovery of Rs26b exchange rate loss

Govt following its bi-monthly schedule, is set to announce new prices on Dec 31

OMCs reportedly generated Rs12 billion due to inventory gains during recent increase in oil prices

LHC tells Centre to take steps for audit of companies

Court reserves verdict on petition filed by oil company

Says provision of furnace oil has been suspended for past several weeks

Companies found involved in hoarding, black marketing of petrol

Committee to assess fortnightly oil prices review plan

Forms committee to probe alleged involvement of OMCs in hoarding, black marketing

OGRA says fuel is being sold at higher than actual cost

Decline due to dip in imports, sharp improvement
in exports

Tells petroleum division stocks at OMCs across the country plummet to an average of 2-3 days requirement

Imran Khan-led govt allows refineries to import commodity to meet growing demand due to harvesting season

PTI govt directs OMCs, refineries to cancel import orders for petrol and crude oil

Pakistan Refinery Limited says OMCs are importing, not lifting locally produced oil products

It remains unclear what is the export destination

Oil industry faces hefty loss of Rs40b due to rupee’s free fall

Condition is aimed at building adequate oil storages in country

Argue it has become uneconomical to produce jet fuel at current price

OMC sales grow 10% to 2.48m tons in the month