New pricing system may halt petrol import
FROM THE PUBLISHER
The oil industry has cautioned the government that the revised petroleum pricing mechanism may force oil marketing companies (OMCs) to halt the import of petrol. The Oil Companies Advisory Council (OCAC) – an industry lobby – has proposed that the relevant provision be amended to provide that where Pakistan State Oil (PSO) has no motor spirit (MS) import cargo during the preceding seven working days, the premium, incidentals, customs duty and the applicable exchange rate…
Original reporting by The Express Tribune. Some articles may require a subscription.