<ul><li>The oil sector in Pakistan has requested the government to approve a revised margin of Rs10 per litre for oil marketing companies, citing increased operational and financial pressures.</li><li>Initially proposing Rs12.65 per litre in June 2024, the industry revised its demand after discussions with the Petroleum Division and OGRA to Rs10 per litre, also seeking cost recovery through IFEM for demurrage and unadjusted GST.</li><li>The OCAC highlighted the approval of GST recovery through IFEM but emphasized the need for the Rs10 margin revision to prevent further financial setbacks for OMCs.</li><li>Furthermore, the council stressed the importance of including GST exemption in the Finance Bill 2025 for maintaining financial stability in the downstream sector and ensuring consistent fuel supply in Pakistan.</li></ul>

Oil Sector Demands Increase in OMC Margins

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