Pakistan OMCs Demand Urgent Margin Hike Amid Financial Strain

The Oil Companies Advisory Council (OCAC) has urged the Energy Ministry to implement a long-pending Rs1.22 per litre increase in their regulated margin, last revised in September 2023. OMCs cite escalating financial burdens, Rs66.7 billion in outstanding Price Differential Claims, and unresolved GST reimbursements, which are causing a severe liquidity crunch. They warn that continued delays risk "irreversible damage" to Pakistan's downstream petroleum sector and investor confidence. This ongoing financial pressure on a critical sector could subtly contribute to broader inflationary concerns in Pakistan, potentially influencing the long-term outlook for the Pakistani Rupee.

بحوالہ / Source: www.brecorder.com