Oil Marketing Companies
Coverage of Oil Marketing Companies in the Nexus archive.
- Govt, oil tanker association agree to form committee to address issues within two weeks
The federal government and the Oil Tankers Contractors Association (OTCA) agreed to form a committee to resolve issues facing the oil tanker industry within two weeks. The committee, led by the special secretary for petroleum, includes representatives from regulatory bodies and industry stakeholders, and will address demands such as quota reductions and contract transparency.
- Petrol pump owners announce nationwide strike after talks over daily pricing fail
Petrol pump owners in Pakistan announced a nationwide strike after failed negotiations with the government over daily fuel pricing. The All Pakistan Petrol Pumps Owners Association (APPPOA) demanded monthly pricing and increased dealer commissions, citing financial challenges and a flawed pricing mechanism favoring oil companies.
- Oil marketing companies yet to issue new LPG connections to domestic consumers
Oil marketing companies have delayed issuing new LPG connections to domestic consumers, with some reporting waits since March due to a conflict in West Asia. Consumers express inconvenience from relying on induction stoves during the delay.
- Karnataka High Court faults OMCs for departing from agreement to procure ethanol from DEP
The Karnataka High Court criticized Oil Marketing Companies (OMCs) for deviating from an agreement to procure ethanol from the Distillery Ethanol Procurement (DEP) system. The court faulted the companies for not adhering to the agreed terms.