The Oil Companies Advisory Council (OCAC) sought 27 percent margin from Oil and Gas Regulatory Authority (OGRA), reported 24NewsHD TV channel on Saturday.
A letter addressed to OGRA, OCAC suggested that margin of OMC should be enhanced from Rs7.87 percent per liter to Rs10 per liter.
The letter further stated that the increase in margin is essential due to enhancement in expenditures.
In the letter, OCAC urged that the margin issue is pending from marginable time in the past. They appealed OGRA to review their suggestion on priority basis.
OCAC also sought immediate interference for recovery of receivables under the head of sales tax.
The margin issue of OMC is pending from September 2023. The issue of Rs73.48 billion unadjusted sales tax also require immediate attention.
OCAC stated that due to exemption of sales tax on petroleum products from April 2022 to June 2024 there is pressure to enhance the margin.
Reporter: Ashraf Khan