External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Oil, gas and consumable fuels / Thematic (Sector/Industry)

<ul>
<li>The Oil and Gas Regulatory Authority (OGRA) has notified upward revisions in wellhead gas prices for the gas fields for 2H2026, effective against the base of 1H2026.</li>
<li>A 35% increase in oil prices to US$92.2/bbl would translate into an estimated 10–11% increase in gas prices for PP12 companies, reflecting the sliding benefit mechanism under the PP12 policy.</li>
<li>The revision indicates an average increase of 8–10%. Although already incorporated into our forecast assumptions, we believe the revision is positive for E&amp;P earnings.</li>
</ul>


The Oil and Gas Regulatory Authority (OGRA) has notified upward revisions in wellhead gas prices for the gas fields for 2H2026, effective against the base of 1H2026.
A 35% increase in oil prices to US$92.2/bbl would translate into an estimated 10–11% increase in gas prices for PP12 companies, reflecting the sliding benefit mechanism under the PP12 policy.
The revision indicates an average increase of 8–10%. Although already incorporated into our forecast assumptions, we believe the revision is positive for E&amp;P earnings.


Pakistan Oil & Gas Exploration - OGRA Notifies New Wellhead Gas Prices for 2H2026