The federal government increased petrol and diesel prices, ignoring the drop in ex-refinery costs of petroleum products, and instead jacked up Inland Freight Equalization Margin (IFEM) by up to 401 ...

ISLAMABAD, July 31: The Oil and Gas Regulatory Authority (Ogra) wants powers under the law to change the basic structure of Inland Freight Equalisation Margin (IFEM) to allow actual transportation ...

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has urged Ogra propose structured and ring-fenced recovery through IFEM, by incorporating the approved per-litre digitization cost into each OMC’s ...

The Competition Commission of Pakistan (CCP) has asked the Oil and Gas Regulatory Authority (Ogra) and Ministry of Petroleum and Natural Resources to eliminate discriminatory application of inland ...

The government may allocate Rs 15 billion to absorb the impact of rising oil prices in its new oil pricing formula after deregulation of Inland Freight Equalisation Margin (IFEM), Business Recorder ...

Oil marketing companies (OMCs) in Pakistan face several challenges with regards to pricing motor fuels. Through a letter addressed to the Minister of State Petroleum Division Musadik Malik, the Oil ...

KARACHI: Local refineries have called for exemptions for brownfield projects similar to those granted to greenfield projects, including relief from all import-related taxes, GST and customs duty, ...