Aaj TV English News - Business & Economy https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Wed, 08 Apr 2026 15:55:02 +0500 Wed, 08 Apr 2026 15:55:02 +0500 60 OGRA says decision on petrol prices yet to be taken https://english.aaj.tv/news/30334861/ogra-says-decision-on-petrol-prices-yet-to-be-taken <p><strong>Two days after the caretaker commerce minister said that the country would receive good news about oil prices soon, the Oil and Gas Regulatory Authority has clarified that any decision in the matter is yet to be taken.</strong></p> <p>In a statement issued on Monday, OGRA said that it was important to avoid speculation regarding the increase or decrease in the price of oil could create disruptions in the supply chain.</p> <p>OGRA also said that oil prices in the country are primarily dependant on the prices in the international market as well as the exchange rate of the rupee against the dollar.</p> <p>The statement added that both factors had shown opposing trends in recent weeks, as the prices of oil had increased in the international market but the dollar had weakened against the rupee.</p> <p> <figure class='media sm:w-1/3 w-full media--right media--embed media--uneven'> <div class='media__item media__item--newskitlink '> <iframe class="nk-iframe" onload="setInterval(()=>{try{this.style.height=this.contentWindow.document.body.scrollHeight+'px';}catch{}}, 100)" width="100%" frameborder="0" scrolling="no" style="height:400px;position:relative" src="https://www.aajenglish.tv/news/card/30334684" sandbox="allow-same-origin allow-scripts allow-popups allow-modals allow-forms"></iframe></div> </figure></p> <p>However, the statement clarified that the decision on oil prices was yet to be taken and speculation in the period up to the decision.</p> <p>Caretaker Minister for Commerce and Industries Gohar Ejaz had told reporters on Saturday that there could be good news about oil prices soon now that the government’s crackdowns on dollar and smuggling were yielding results.</p> <p>“When the currency has stabilized, you will see its results, I am hopeful of the good news on the rate of petrol on October 1 that was increased due to the hike in currency,” Interim Commerce and Industries Minister Gohar Ejaz said on Saturday.</p> Two days after the caretaker commerce minister said that the country would receive good news about oil prices soon, the Oil and Gas Regulatory Authority has clarified that any decision in the matter is yet to be taken.

In a statement issued on Monday, OGRA said that it was important to avoid speculation regarding the increase or decrease in the price of oil could create disruptions in the supply chain.

OGRA also said that oil prices in the country are primarily dependant on the prices in the international market as well as the exchange rate of the rupee against the dollar.

The statement added that both factors had shown opposing trends in recent weeks, as the prices of oil had increased in the international market but the dollar had weakened against the rupee.

However, the statement clarified that the decision on oil prices was yet to be taken and speculation in the period up to the decision.

Caretaker Minister for Commerce and Industries Gohar Ejaz had told reporters on Saturday that there could be good news about oil prices soon now that the government’s crackdowns on dollar and smuggling were yielding results.

“When the currency has stabilized, you will see its results, I am hopeful of the good news on the rate of petrol on October 1 that was increased due to the hike in currency,” Interim Commerce and Industries Minister Gohar Ejaz said on Saturday.

]]> Business & Economy https://english.aaj.tv/news/30334861 Mon, 25 Sep 2023 14:59:51 +0500 none@none.com (Yasir Nazar) File photo.