Oil industry cries out over unilateral cut in fuel prices (opens original article in a new tab)

The oil industry in Pakistan has protested a 18-20% fuel price cut, citing Rs105bn in losses and warning of potential bankruptcy for OMCs, with concerns over policy instability threatening investor confidence.

• Oil industry estimates losses of Rs105bn due to unilateral fuel price cuts
• OMCs warn of possible bankruptcy amid shrinking foreign investment
• OCAC warns policy instability could lead to investor withdrawal