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Tag: oil marketing companies (OMCs)

OMC sales
Business
  • Web Desk
  • Sep 02, 2025
Pakistan OMCs report 7pc increase in sales in August 2025

This YoY growth in OMC sales was supported by gradual economic recovery and reduced smuggling from Iran, along with decline in petrol prices.

The government issued a notification abolishing the 0.5 per cent advanced withholding tax imposed on petrol pumps from July 1, as outlined in the Finance Bill 2024.
Pakistan
  • Web Desk
  • Jul 06, 2024
Government abolishes advance income tax on petrol pumps

Petrol pumps were previously subject to a 12.5 per cent withholding tax on their margins. The recent decision to eliminate the advanced income tax was aimed at simplifying the tax structure for petrol pump operators.

high-speed diesel
Pakistan
  • Web Desk
  • Jul 05, 2024
OGRA directs oil companies to keep petrol pumps open

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