ISLAMABAD: Amid a zero-bid response to spot tenders for oil imports and the oil industry’s demand for special permission for unusual war-risk insurance cover-based oil imports, including crude and refined products, a parliamentary panel on Monday decided to investigate whether the recent 20pc increase in petroleum prices benefited the exchequer or resulted in unreasonable inventory gains for private companies.
Also, the oil industry in the prevailing extraordinary market conditions demanded that district administrations stop high-handed actions against retail outlets that temporarily run out
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