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Tag: financial strain on OMCs

The federal government reduced the price of petrol by Re1 per litre, effective Saturday, but it comes with a twist!
Business
  • Web Desk Karachi
  • Mar 10, 2025
OMCs challenge Ogra’s ‘Take or Pay’ policy, citing financial risks, market imbalances

The introduction of the ‘Take or Pay’ mechanism follows repeated complaints from local refineries about excessive fuel imports, which they argued undermine domestic production and result in reduced operational capacity.

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