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Tag: OCAC

petroleum

Pakistan petroleum sales slump by 24% in 2MFY23

September 2, 2022September 2, 2022Hamza Shahnawaz

KARACHI: Petroleum sales in Pakistan registered 24 per cent decline during first two months (July – August) 2022/2023, according to data released by Oil Companies Advisory Council (OCAC). According to details, the sales of all petroleum products fell to 2.96 million tons during first two months of the current fiscal year as compared with 3.90 […]

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petroleum

OCAC suggests fortnightly POL prices revision

March 14, 2020April 6, 2021Mrs. Anjum Shahnawaz

KARACHI: The Oil Companies Advisory Committee (OCAC) has advised the government to review petroleum prices on fortnightly basis instead monthly basis. In a letter to Secretary Petroleum, the OCAC said that due to the declining petroleum products prices experienced in February and March 2020, the whole downstream oil industry was facing uncertainty and financial exposure. […]

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