Change in oil policy might cost the PTI government Rs. 1bn

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Asia Petroleum Limited (APL) has an agreement with Pakistan State Oil (PSO) that guarantees an output of 1.5 million tons oil annually. It also states that any deficit in the guaranteed amount will be paid by the government. A new government policy of discouraging the use of furnace oil in power plants has incurred a deficit of Rs. 998 million.

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