OMCs

Breaking

OGRA suspends 5 more OMCs licenses
Bynewstoday329 October 29, 2020

Aftab Ahmed Small Oil Marketing Companies (OMCs) are under the radar of the regulator. However, multinational companies like Shell and Total have exceptions. The multinational companies were also involved in the oil shortage in June this year and faced a fine from the regulator. However, the OGRA has suspended another five Oil Marketing Companies (OMCs)…

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Oil

OMCs pocket billions by keeping products at bonded stores
Bynewstoday329 September 6, 2020

Aftab Ahmed Islamabad: The Oil marketing companies (OMCs) pocket billions from the consumers by keeping petroleum products at custom bonded stores. They are bound to store the POL products at POL storage. But they are not doing so, following expected revisions in oil prices and taxes. They store products following the expected rise in oil…

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