Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Pakistan's fuel prices may drop, but oil companies protest a new clause that could harm their business.

flag Pakistan's petrol and diesel prices may drop significantly this week, with expected reductions of Rs12 per litre for petrol and Rs8 for diesel. flag However, oil marketing companies (OMCs) are protesting against a new 'take and pay' clause, arguing it unfairly burdens them with market risks and could harm smaller companies. flag This clause, proposed by the Oil and Gas Regulatory Authority (Ogra), requires OMCs to buy set quotas from local refineries or face penalties, a move OMCs fear will consolidate market monopolies and disrupt the supply chain.

7 Articles