REMOVAL OF DUTY FROM REFINERIES MARGINS
The National Assembly has yet to decide on the removal of the deemed duty from
refineries margins which will have a substantially negative impact on refinery’s
margins.
ECC of the Cabinet in its next meeting will review the oil pricing mechanism to
reduce the profit margins of OMCs, refineries and inland freight margins. This would
help reduce the taxation burden on consumers, but on the other hand it will alsoreduce revenues of both the government and oil sector entities.
Tuesday, June 24, 2008
REMOVAL OF DUTY FROM REFINERIES MARGINS
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