The Competition Commission of Pakistan (CCP) has urged the Oil and Gas Regulatory Authority (Ogra) and the petroleum ministry to eliminate Inland Freight Equalisation Margin (IFEM) and create a level-playing field for all refineries and oil-marketing companies.
The opinion was formed after a public hearing by the CCP, which was attended by representatives of the petroleum ministry, the Ogra, refineries and oil-marketing companies.
The CCP also took notice of concerns raised by an oil refinery in respect of benefits of IFEM denied to it by Ogra and the petroleum ministry, which discriminate against one refinery.
