KARACHI: The Oil and Gas Regulatory Authority (Ogra) has directed the country’s oil refineries to collectively contribute Rs7.1 billion to compensate Pakistan State Oil (PSO) under an emergency diesel pricing mechanism introduced amid escalating regional tensions linked to the Iran-US conflict.
According to an official communication issued by Ogra to the refineries, the move follows a federal cabinet decision conveyed through the Petroleum Division of the Ministry of Energy.The communication said that the arrangement is intended to offset losses arising from rising import premiums and fluctuations in international fuel prices.
The directives have been issued to Pak-Arab Refinery Limited (Parco), National Refinery Limited (NRL), Pakistan Refinery Limited (PRL), Cnergyico PK Limited (CPL) and Attock Refinery Limited (ARL).
Under the revised mechanism, contributions were calculated on the basis of refinery sales volumes recorded between April 4 and April 10, 2026.Parco was assigned the largest contribution of Rs2.2 billion, followed by NRL with Rs1.82 billion, CPL with Rs1.418 billion, PRL with Rs1.272 billion and ARL with Rs389 million.
Ogra instructed the refineries to transfer the funds to PSO, while the chief financial officers of the companies were also asked to formally verify sales figures and payment details.Industry officials said the measure reflected growing concern within Pakistan’s energy sector over supply disruptions and rising import costs amid instability across the wider Middle East energy corridor.
