CCP grants petroleum agreement exemption

The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on the relevant clauses of the product supply agreement between Aramco Trading (ATC) Fujairah FZE Ltd and Gas & Oil Pakistan Ltd (GO Petroleum) for importing and selling gasoline and diesel products to Pakistan. ATC Fujairah, registered in the United Arab Emirates, is one of the world’s largest integrated energy and chemicals companies. Gas & Oil Pakistan Ltd, an Oil Marketing Company (OMC) registered in Pakistan, operates a network of retail outlets nationwide selling petrol, diesel, and lubricants.