Oil & Gas Marketing Companies: ECC decision on diesel, +ve for SHEL & HASCOL – By Sherman Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Economic Coordination Committee (ECC) has allowed Oil
Marketing Companies (OMCs) with an exception of Pakistan State Oil (PSO) to
recover their diesel cost up-to US$15 per barrel over and above PSO’s import
price. Thus, small OMCs can avail benefit from on going month till the end of
December 2022.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As per our discussion with the industry, cost of diesel
imports will be adjusted through Petroleum Development Levy (PDL) which is
being currently charged at Rs12.6 per liter (US$9/bbl) from customers via OMCs.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Being the largest OMC, PSO handles more than ...
