KARACHI: After Pakistan’s oil refineries, petroleum dealers announced their decision to oppose the deregulation of fuel prices in the country on Thursday, saying the move would adversely impact their businesses and lead to their closure.
The Oil and Gas Regulatory Authority (OGRA) of Pakistan briefed the energy ministry on the possible deregulation of petroleum products on April 17, prompting five of the country’s oil refineries to write a letter in which they described it as complex and critical issue.
The deregulation proposal would empower oil marketing companies to determine fuel prices on the basis of various market forces. Local consumers getting petrol and diesel from places closer to ports and refineries would get relatively cheaper products due to the transportation cost.
“The deregulation is the death warrant for the people and the petroleum industry in the country,” Abdul Sami Khan, Chairman of Pakistan Petroleum Dealers’ Association, said at a media briefing along with other dealers at the Karachi Press Club. “If this is imposed on us, we will be compelled to shut down our businesses.”
The dealers present at the briefing said the deregulation would cause an increase in the prices of petroleum products and make it difficult to maintain the quality of the fuel.
They said giving mandate to oil marketing companies to determine oil prices would be unwise and lead to different market rates.
“The government wants to shift the burden of price hike to people and get rid of the public criticism amid spiraling rates of petroleum products,” Khan added.
He said the smuggled Iranian oil had been openly sold in Pakistan, though it was not refined and damaged engines of vehicles.
He also asked the government to legalize it “in the larger public interest.”
“An agreement should be made to import crude oil from Iran to end smuggling,” Khan suggested. “The crude oil bought from Iran can be refined locally.”
Malik Khuda Buksh, senior leader and founding member of the dealers’ association, said the deregulation would “create chaos in the market” since everyone would be quoting their own prices.
“Under the current mechanism, the government fixes the prices and no one can charge a single paisa more,” he explained while speaking to Arab News after the news briefing. “When the deregulation takes place, every oil marketing company will give its own price like vegetable and other product sellers, which will lead to further inflation.”
Like refiners, the petroleum dealers also warned that the deregulation of petroleum prices in Pakistan would negatively impact their business.
The letter jointly written by Attock Refinery Limited, Cnergyico PK Limited, National Refinery Limited, Pakistan Refinery Limited and Pak Arab Refinery Limited said the deregulation could jeopardize nearly $6 billion of investment.
The letter maintained it was better to spend money on upgrading the refineries since it would not only result in cleaner and environment-friendly fuels of Euro-V specifications but would also help save precious foreign exchange by substantially increasing local production.
Pakistan refiners, fuel station owners oppose price deregulation, fear business closures
https://arab.news/p9rgu
Pakistan refiners, fuel station owners oppose price deregulation, fear business closures
- Petroleum dealers say government wants to avoid public criticism and shift the burden of high oil prices to consumers
- Oil refineries also opposed deregulation earlier this week, saying it would put their $6 billion investment at risk
Pakistan to begin first phase of Hajj 2026 trainings from today
- Training programs to be held in phases across Pakistan till February, says religion ministry
- Saudi Arabia allocated Pakistan a total quota of 179,210 pilgrims for Hajj 2026
ISLAMABAD: Pakistan’s religious affairs ministry has said that it will begin the first phase of mandatory Hajj 2026 training for pilgrims intending to perform the pilgrimage from today, Thursday.
The one-day Hajj training programs will be held in phases across the country at the tehsil level until February. The ministry directed intending pilgrims to bring their original identity cards and the computerized receipt of their Hajj application to attend the training sessions.
“Pilgrims should attend the one-day training program according to their scheduled date,” Pakistan’s Ministry of Religious Affairs (MoRA) said in a statement.
The ministry said training schedules are being shared through the government’s Pak Hajj 2026 mobile application as well as via SMS. It added that details of the schedule are also available on its website.
According to the ministry, training programs will be held in Abbottabad on Jan. 2; Ghotki, Thatta and Kotli on Jan. 3; and Tando Muhammad Khan and Khairpur on Jan. 4.
Hajj training sessions will be held in Rawalakot, Badin and Naushahro Feroze on Jan. 5, while pilgrims in Fateh Jang, Dadu and Tharparkar will receive the training on Jan. 6.
The ministry said training programs will be conducted in Umerkot and Larkana on Jan. 7, followed by sessions in Mirpurkhas, Shahdadkot and Mansehra on Jan. 8.
Pakistan’s religious affairs ministry has previously said these trainings will be conducted by experienced trainers and scholars using multimedia.
It said the training has been made mandatory to ensure that intending pilgrims are fully aware of Hajj rituals and administrative procedures.
Saudi Arabia has allocated Pakistan a quota of 179,210 pilgrims for Hajj 2026, of which around 118,000 seats have been reserved under the government scheme, while the remainder will be allocated to private tour operators.
Under Pakistan’s Hajj scheme, the estimated cost of the government package ranges from Rs1,150,000 to Rs1,250,000 ($4,049.93 to $4,236), subject to final agreements with service providers.
