Pakistan has extended the deadline for importing crude oil and petroleum products on relaxed rules up to July 10, 2026, enabling the petroleum companies to continue fuel purchase on easy terms and conditions i.e. cost, insurance and freight (CIF) basis from the war-troubled global markets.
“It has been decided to extend the validity of the relaxation granted under the aforesaid circular letter [EPD Circular Letter No. 04 of March 11, 2026] for import of crude oil/ petroleum products on CIF (cost
Read original at Business Recorder
Good move by the government. Our refineries need consistent crude supply and this flexibility helps avoid shortages. But why only till July 10? Need a permanent solution.