In a significant step toward modernizing Pakistan’s energy sector, the Oil and Gas Regulatory Authority (OGRA) has mandated that all companies under its oversight implement digital payment systems by October 31, 2025. The move is part of a wider government effort to boost transparency, streamline transactions, and expand access to digital financial services.
Digital Transactions to Become Standard Across Energy Sector
The directive requires oil marketing companies (OMCs), gas utilities, CNG stations, LPG and LNG suppliers, refineries, and lubricant distributors to offer digital payment options, with a particular emphasis on the Raast QR Code, developed by the State Bank of Pakistan. OGRA has stressed that no outlet should deny customers the option to pay digitally.
Curbing Cash Dependency and Operational Inefficiencies
Officials note that this initiative aims to reduce reliance on cash, close loopholes in financial transactions, and increase efficiency throughout the energy supply chain. To facilitate implementation, companies have been instructed to collaborate with banks, microfinance organizations, and electronic money institutions to secure Raast QR codes at no cost.
Potential Benefits for the Energy Sector and Beyond
Industry experts suggest that embracing digital payments could address several persistent challenges in the sector, such as limited payment infrastructure in rural areas and rising operational costs. Beyond the energy industry, OGRA’s push could serve as a model for digital adoption across other regulated industries in Pakistan, aligning with the country’s broader goal of nurturing a robust digital economy.
