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Oil Companies Advisory Council (OCAC)

Coverage of Oil Companies Advisory Council (OCAC) in the Nexus archive.

Earliest in view: Jun 24 · 02:28 UTCMost recent: Jul 18 · 15:43 UTC
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Recent coverage
  • BUSINESSJul 18 · 15:43 UTCDAWN
    Daily fuel price adjustments to curb market abuse, ensure fair prices: petroleum minister

    Petroleum Minister Ali Pervaiz Malik announced daily fuel price adjustments to reduce market abuse and ensure fair pricing for consumers. The reform, approved by the federal cabinet, shifts from weekly to daily pricing based on international market fluctuations and aims to promote transparency and competition in Pakistan’s petroleum sector.

  • BUSINESSJun 24 · 02:28 UTCDAWN
    Weekly oil pricing mechanism to stay

    Pakistan's Petroleum Division assured oil firms that the weekly pricing mechanism would continue, basing future petrol and diesel prices on recent import premiums to minimize losses. Industry leaders criticized frequent policy changes for eroding profitability and deterring foreign investment, while demanding restoration of the pre-war pricing formula.