Oil marketing companies (OMCs) have urged the Oil and Gas Regulatory Authority (OGRA) to immediately implement a pending Rs. 1.22 per liter increase in OMC margins and release outstanding price claims worth Rs. 66 billion.
The Oil Companies Advisory Council (OCAC) said the claims have remained unsettled since March 2026 and are equivalent to the cost of around five imported petrol cargoes. The council has called for the verification process to be completed quickly and the outstanding payments to be released.
OMC margins were last increased in September 2023, while dealers’ margins were raised by Rs. 1.34 per liter in August 2026. However, the approved Rs. 1.22 per liter increase for OMCs is still awaiting implementation.
OCAC warned that oil companies are facing severe financial pressure amid regional tensions and supply chain challenges. It said the industry should not be held responsible for potential supply disruptions caused by financial constraints.
The advisory council has also requested a meeting with the OGRA chairman to discuss the pending claims and margin increase, seeking an early resolution to the issue.
