BUSINESSDAWN
Weekly oil pricing mechanism to stay
Pakistan's Petroleum Division assured oil firms that the weekly pricing mechanism would continue, basing future petrol and diesel prices on recent import premiums to minimize losses. Industry leaders criticized frequent policy changes for eroding profitability and deterring foreign investment, while demanding restoration of the pre-war pricing formula.
Mentioned
Petroleum DivisionorganizationOil Marketing Companies (OMCs)organizationPakistan State Oil (PSO)organizationOil Companies Advisory Council (OCAC)organizationCynergico PetroleumorganizationWafi EnergyorganizationOil and Gas Regulatory Authority (Ogra)organizationAli Pervaiz MalikpersonAsif IqbalpersonAmir AbbassciypersonZubair Shaikhperson
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