OGRA confirms ample oil stocks

News Image

By MG News | June 22, 2025 at 06:10 PM GMT+05:00

0:00

June 22, 2025 (MLN): The Oil and Gas Regulatory Authority (OGRA) reassured stakeholders and consumers that Pakistan currently maintains sufficient petroleum product inventories to satisfy prevailing demand.

In a statement issued by OGRA spokesman Imran Ghaznavi, the regulator maintained that, despite stable supplies today, ongoing market volatility and forecasted demand growth necessitate strict compliance with the 20-day minimum stockholding requirement mandated in each Oil Marketing Company’s (OMC’s) licence.

Under OGRA’s licensing framework, every OMC is contractually bound to maintain a minimum stock equal to twenty days of its average daily throughput.

Failure to do so can trigger regulatory action, including fines or licence suspension.

With geopolitical tensions in major oil-producing regions and seasonal demand surges on the horizon, OGRA affirmed its commitment to energy security through continuous market surveillance and pre-emptive policy measures.

OGRA remains committed to monitoring the situation closely and will continue to take proactive steps to ensure national energy security, he added. 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,315.00 112,590.00
108,625.00
2100.00
1.92%
BRENT CRUDE 70.19 70.71
69.61
0.04
0.06%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.29 68.94
67.70
-0.04
-0.06%
SUGAR #11 WORLD 16.54 16.61
16.08
0.41
2.54%

Chart of the Day


Latest News
July 09, 2025 at 11:58 PM GMT+05:00

Auction Result: Govt raises Rs1.5tr through T-bills


July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25


July 09, 2025 at 05:11 PM GMT+05:00

SECP approves name change for Secure Logistics



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg