Govt likely to allow 11% return to oil refineries
Aftab Ahmed The government is likely to allow a guaranteed rate of 11 percent return for oil refineries in the new proposed refining policy. At present, 7.5% deemed duty on High-Speed Diesel (HSD) (refinery margin) is also applicable for maintaining refinery profitability. Officials said that oil refineries had suffered multi-billion rupees loss during the lockdowns…