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National Assembly Calls for Strict Enforcement Against Defaulting Oil Marketing Companies
The National Assembly’s Standing Committee on Finance and Revenue has urged the government to enforce stricter measures against oil marketing companies (OMCs) that are defaulting on petroleum levy payments.
askFinz Newsroom· Jun 20, 2026#petroleum development levy#national assembly#petroleum product prices#oil marketing companies
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AI Summaryacross 1 source
- The National Assembly Standing Committee on Finance and Revenue has called for stricter measures against OMCs that are defaulting on petroleum levies.
- Recommendations include suspending product supplies after 30 days of non-payment and eliminating installment facilities.
- There is a recommendation to link petrol prices directly with petroleum levy payments.
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