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OGRA - Oil and Gas Regulatory Authority of Pakistan

Pakistan
www.ogra.org.pk



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Oil and Gas Regulatory Authority (OGRA) was established by the Federal Government on March 28, 2002 in pursuance of the Oil and Gas Regulatory Authority Ordinance, 2002 The objective of OGRA is to “foster competition, increase private investment and ownership in the midstream and downstream petroleum industry, protect the public interest while respecting individual rights and provide effective and efficient regulations”. The Authority comprises of Chairman/Chairperson and three Members viz; Member (Gas), Member (Finance) and Member (Oil) who are professionals with rich experience in their respective fields. They can serve for maximum two terms subject to retirement on attaining the age of 65 years.

Consequent upon the establishment of OGRA, the Natural Gas Regulatory Authority (NGRA) was subsumed by the OGRA. All properties and works done by the NGRA were transferred to and protected under the OGRA Ordinance. OGRA was, therefore, in a position to start its functions in respect to natural gas immediately upon its establishment.

Mission Statement: To Safeguard public interest through efficient and effective regulation in the midstream and downstream petroleum sector.

Discuss

Muhammad Danish Pakistan

Barrel = 42 gallons = 159 litres (NYMEX Light Sweet Crude) Oil price / barrel = $26. but I'm taking it as $27/barrel Oil price in Rs. = $27 X 160 Rs./$ = Rs. 4160/barrel Freight premium = $2.16 X 160 = Rs. 345 Handling, Bank & LC charges & Marine Insurance @ 9%= Rs. 374 Wharfage Charges @ 3.85% = Rs. 160.10 Oil Companies Margin @ 3.5% = Rs.145.0 Price of one barrel of oil = 4160 + 345 + 374 + 160.10 + 145= Rs. 5184 Refinig Cost for petrol @10% = Rs. 518.40 Price of 1 litre of Petrol in Pakistan = (5184 + 518) / 159 = Rs. 35.86 GST @ 17% = Rs. 6.1 / ltr Excise duty @ 3.15% = Rs. 1.12 Final Price of per litre petrol in Pakistan should be Rs. 43.08 (Formula copied from internet) I have not gone into nitty gritty of details, apparently Govt is still pocketing around Rs. 69 per litre.

Tahir khan Zoom markeeting

Please inform about Allowed or not Allowed NOC of Zoom markeeting oil pvt ltd in kpk ?

Malik Taj Muhammad Delta Garments Limited

1st adhoc bill has been paid and there is no use of gas after 5th of current month, but the 2nd adhoc bill is being asked for payment. also please note my usage is about 77% less as compare to the last month.

Riasat My petroleum

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