Govt extends CIF import facility for oil products till July 10

MG News | May 07, 2026 at 04:24 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 07, 2026 (MLN): The State Bank of Pakistan (SBP) has extended permission for the import of crude oil and petroleum products on a Cost, Insurance, and Freight (CIF) basis until July 10, 2026, providing continued operational flexibility to the energy sector amid evolving external account pressures.

In a circular issued on Thursday, the Exchange Policy Department of the State Bank of Pakistan informed all authorized dealers in foreign exchange that the relaxation earlier granted under EPD Circular Letter No. 04 dated March 11, 2026, would remain valid for another two months.

Under the arrangement, importers of crude oil and petroleum products are allowed to continue bringing in shipments on a CIF basis, where the seller bears the cost, insurance, and freight charges up to the destination port.

The central bank directed authorized dealers to ensure meticulous compliance and circulate the instructions among all concerned constituents.

Related News

KSB Pumps seeks approval for release of rights shares funds

PACRA maintains entity ratings of KSB Pumps

Name	Price/Vol	%Chg/NChg
KSE100	173,886.69 195.81M	-0.85% -1493.18
ALLSHR	104,193.90 1,478.56M	-0.79% -830.04
KSE30	50,762.89 101.57M	-1.61% -833.18
KMI30	248,644.12 78.76M	-1.03% -2588.32
KMIALLSHR	67,289.90 391.02M	-0.79% -536.64
BKTi	47,836.07 30.16M	-1.03% -497.73
OGTi	34,437.26 6.66M	-1.07% -371.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,905.00	76,525.00 74,875.00	-345.00 -0.45%
BRENT CRUDE	97.40	100.83 96.67	-0.89 -0.91%
RICHARDS BAY COAL MONTHLY	127.25	0.00 0.00	-0.50 -0.39%
ROTTERDAM COAL MONTHLY	136.50	137.25 136.50	-0.80 -0.58%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	89.94	92.53 89.07	-0.58 -0.64%
SUGAR #11 WORLD	18.25	18.60 18.13	-0.31 -1.67%