Banks' refusal to open petrol import LCs


Banks have refused to open petrol import LCs of oil companies.

Industry sources revealed that banks have refused to open petrol import LCs of oil companies.

According to industry sources, petrol is coming from 2 ships, after that there will be no petrol import.

According to sources, if LCs are not opened by banks, there may be shortage of petrol in the beginning of February 2023.

According to company sources, efforts to play LCs for 10 days could not be successful.

According to sources, diesel is available in sufficient quantity due to increased supply of Iranian diesel.

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