The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on the relevant clauses of product supply agreement between Aramco Trading (ATC) Fujairah FZE Ltd and Gas and Oil Pakistan Ltd (GO Petroleum) for importing and selling gasoline and diesel products to Pakistan
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Amid a nationwide strike by petroleum dealers, oil companies were expected to ensure that their company-owned company-operated (COCO) pumps remain operational. However, fewer than expected pumps were seen open on Thursday morning and companies were charting out their plans. While the state-run Pakistan State Oil (PSO) and the largest private oil company Shell Pakistan opened their COCO pumps, other companies including Hascol, Total Parco, and Go were less responsive to the situation. The Oil and Gas Regulatory Authority (Ogra) on Wednesday instructed oil companies to ensure supply after the Pakistan Petroleum Dealers Association (PPDA) announced that it would go ahead with its strik.