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Business

Web Desk
Sep 02, 2025

Pakistan OMCs report 7pc increase in sales in August 2025

This YoY growth in OMC sales was supported by gradual economic recovery and reduced smuggling from Iran, along with decline in petrol prices.

Business

Web Desk Karachi
Mar 12, 2025

Oil sector urges new petroleum minister to address key industry challenges

The Oil Companies Advisory Council (OCAC), an independent entity that represents refineries, Oil Marketing Companies (OMCs), and a pipeline company, has formally made this request in a letter addressed to the minister.

Business

Web Desk Karachi
Mar 10, 2025

OMCs challenge Ogra’s ‘Take or Pay’ policy, citing financial risks, market imbalances

The introduction of the ‘Take or Pay’ mechanism follows repeated complaints from local refineries about excessive fuel imports, which they argued undermine domestic production and result in reduced operational capacity.

Business

Web Desk Karachi
Mar 05, 2025

March diesel imports may diminish refinery efficiency and foreign reserves, oil industry warns

Officials from the oil sector indicate that February proved to be a challenging month for refineries regarding product demand and distribution, and the outlook for March remains bleak due to declining prices and anticipated low demand, as oil marketing companies (OMCs) seek to mitigate inventory losses.

Business

Web Desk
Mar 02, 2024

OMCs grapple with 19% dip in petroleum sales

AHL reveals a significant downturn in the sales performance of oil marketing companies (OMCs) during the month of February 2024.

Latest

Web Desk
Oct 15, 2023

Plan afoot to increase profit margin of oil companies, dealers

Sources said that a proposal has been put forth to introduce an additional 88 paisa per liter increase in profits of OMCs and dealers, starting from October 16