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ECC To Approve Hike In OMCs’ Margins

ISLAMABAD: The Economic Coordination Committee (ECC) is likely to allow interim increase in margins of oil marketing companies (OMCs) by 6.5% on sale of petroleum products.

Earlier, the ECC had considered a proposal to hike margins of OMCs. However, it had constituted a committee to analyse and examine the margins historically before taking any decision.

The economic decision making body was informed that a study was not conducted by Pakistan Institute of Development Economics (PIDE) as the Oil and Gas Regulatory Authority (Ogra) and Planning Commission were not ready to bear the expenses. Read more…

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Warren E. Buffett, speaks with Economic Club President David M. Rubenstein on June 5, 2012, honoring the 25th Anniversary of The Economic Club of Washington, D.C..

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