{"id":21114,"date":"2025-03-11T12:50:08","date_gmt":"2025-03-11T07:50:08","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=21114"},"modified":"2025-03-11T12:50:11","modified_gmt":"2025-03-11T07:50:11","slug":"massive-petrol-diesel-price-drop-expected-in-pakistan-heres-why","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/11\/massive-petrol-diesel-price-drop-expected-in-pakistan-heres-why\/","title":{"rendered":"Massive petrol &amp; diesel price drop expected in Pakistan \u2014 Here\u2019s why!"},"content":{"rendered":"\n<p><strong>Oil marketing companies (OMCs) have raised objections over the proposed \u2018take and pay\u2019 clause in sales and purchase agreements (SPAs) with local refineries, warning that the move would place an unfair financial burden on them.<\/strong><\/p>\n\n\n\n<p>The development comes as petroleum product prices are expected to see a notable reduction later this week.<br><br><strong>Massive drop in petrol and diesel prices?<\/strong><\/p>\n\n\n\n<p>According to the Oil Marketing Association of Pakistan (OMAP), petrol prices could fall by Rs12 per litre, while high-speed diesel (HSD) prices may see a cut of Rs8 per litre. The decline is attributed to international market trends and inventory adjustments.<\/p>\n\n\n\n<p>In a letter addressed to the chairman of the Oil and Gas Regulatory Authority (OGRA), OMAP chairman Tariq Wazir Ali strongly opposed the new \u2018take and pay\u2019 clause, stating that it unfairly shields refineries from market fluctuations while placing the entire financial risk on OMCs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil marketing companies (OMCs) have raised objections over the proposed \u2018take and pay\u2019 clause in<\/p>\n","protected":false},"author":1,"featured_media":21115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2,215],"tags":[],"class_list":["post-21114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Massive petrol &amp; diesel price drop expected in Pakistan \u2014 Here\u2019s why! - Rapid News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/11\/massive-petrol-diesel-price-drop-expected-in-pakistan-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Massive petrol &amp; diesel price drop expected in Pakistan \u2014 Here\u2019s why! - Rapid News\" \/>\n<meta property=\"og:description\" content=\"Oil marketing companies (OMCs) have raised objections over the proposed \u2018take and pay\u2019 clause in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/11\/massive-petrol-diesel-price-drop-expected-in-pakistan-heres-why\/\" \/>\n<meta property=\"og:site_name\" content=\"Rapid News\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-11T07:50:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-11T07:50:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/03\/a.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#website\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/\",\"name\":\"Rapid News\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailyrapidnews.com\/eng\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/11\/massive-petrol-diesel-price-drop-expected-in-pakistan-heres-why\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/03\/a.gif\",\"contentUrl\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/03\/a.gif\",\"width\":850,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/11\/massive-petrol-diesel-price-drop-expected-in-pakistan-heres-why\/#webpage\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/11\/massive-petrol-diesel-price-drop-expected-in-pakistan-heres-why\/\",\"name\":\"Massive petrol &amp; diesel price drop expected in Pakistan \u2014 Here\u2019s why! 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