Islamabad, Jan. 16 -- The Oil Companies Advisory Council (OCAC) has sharply criticised the sector's regulator for failing to implement the government's approved increase in margins for oil marketing companies, while simultaneously insisting on full recovery of digitisation-related investments. The industry has warned that the continued delay is worsening the financial stress already faced by companies operating on stagnant margins, as reported by The Express Tribune.

According to The Express Tribune, in a letter addressed to the chairman of the Oil and Gas Regulatory Authority (OGRA), OCAC highlighted the absence of any official notification regarding the Economic Coordination Committee's (ECC) decision to raise margins for motor spirit ...