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Oil sector seeks Rs12/litre margin on diesel, petrol

KARACHI: Pakistan’s oil industry has sought Rs12/litre margin on high speed diesel and Mogas for oil marketing companies in view of the high cost ofbusiness, which has created financial.

Petroleum divisionOil companies advisory councilMinistry of energyEconomic coordination committeeSecretary ministryCompanies advisory council

Oil industry seeks Rs12 per litre margin on diesel, petrol to ensure survival

OCAC seeks urgent review and implementation of upward revision in margins in view of high cost of business

Petroleum divisionMinistry of energyOil companies advisory councilEconomic coordination committeeCompanies advisory council

PSO receivables hit Rs717b

Fears of shortage as company is allowed to open only two LCs for the month

Ibrahim yahyaPetroleum divisionPakistan international airlinesNational refineryPakistan state oilAttock refineryKot addu power company limitedPakistan people partyOil companies advisory councilSindh high courtSui northern gas pipelines limitedPakistan refineryHub power company limitedPak arab refinery companyState oilLiquified natural gas

Largest refinery shuts down

Lack of dollar inflows, rupee free fall restrict crude imports

Syed adeel azamPakistan stock exchangeByco petroleumOil companies advisory councilMinistry of energy petroleum divisionGas regulatory authority ograConsumer sales syed adeel azamPetroleum divisionCompanies advisory councilGas regulatory authorityState bankExpress tribuneOil refinery

Oil import LCs shrink up to 20pc on rupee devaluation

KARACHI: Pakistan’s oil sector on Monday sought urgent revision in the exchange loss adjustments mechanism on import of petroleum products as the letters of credit limits have shrunk by 15-20.

Petroleum divisionOil companies advisory councilCompanies advisory councilState bank

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