The association between the administration and the oil industry continues to sour with the administration’s recent decision for all Oil Advertising Companies to import EURO 5 fuel met with struggle from the industry.
The two parties were already in difference
over the pricing mechanisms and upkeep of 20 day stocks, which resulted in disastrous
troubles in the supply routine.
EURO-5 fuel, citing details such as $ 200 million worth of yearly foreign exchange loss, incapacity to make a change of such scale on such short notice, and the fact that the fuel prices would shootup for the consumers by Rs. 7-8 per liter.
