Pakistan has extended the deadline for importing crude oil and petroleum products on relaxed rules up to July 10, 2026, enabling the petroleum companies to continue fuel purchase on easy terms and conditions i.e. cost, insurance and freight (CIF) basis from the war-troubled global markets.
“It has been decided to extend the validity of the relaxation granted under the aforesaid circular letter [EPD Circular Letter No. 04 of March 11, 2026] for import of crude oil/ petroleum products on CIF (cost
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Extension means the private sector wasn’t ready for the original timeline. These relaxed rules were overdue.
Good for the economy but government needs to ensure benefits reach consumers through lower fuel prices.
Relaxed import rules will help stabilize the rupee. Smart move given the current forex reserve situation.
July 10 deadline gives importers enough breathing room. Hopefully this addresses the supply gap properly.