New pricing system may halt petrol import
New pricing system may halt petrol import
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, in...