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Petroleum products prices: Refineries, OMCs not to charge more than ''benchmark'' rate.
Byline: MUSHTAQ GHUMMAN
The government has disallowed the oil refineries and Oil Marketing Companies (OMCs) to charge prices for petroleum products over and above the ''bench mark price'' ie imported price, official sources told Business Recorder. "Refineries and OMCs will determine the price on monthly basis, whereas Ogra will monitor it.
Imported price will be benchmark for prices, and refineries as well as OMCs will not be allowed to charge over set "benchmark price" to protect consumers'' interests," sources said.
Giving the background, they said that the Economic Co-ordination Committee (ECC) of the Cabinet in its meeting on July 29, 2010 had constituted a committee, under the chairmanship of Deputy Chairman of Planning Commission (DCPC) with representative …
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