Changes In Oil Pricing Formula Soon, Federal Minister for Petroleum Naveed Qamar changes will soon be brought in the pricing formula for petroleum products in the light of Bhagwandas Commission Report. Addressing a press conference here Friday, the Petroleum Minister said the fluctuations in oil prices are caused by international prices and that OGRA only monitors the prices. He said the new contracts for LPG will be granted through open bids or signature bonus. Naveed Qamar said the government had received Rs540 million through open bids for LPG in Bobi and Kuntar. The surplus quotas for LPG have been scrapped with immediate effect, he said.
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