Govt backs down from enforcing 2009 safety guidelines, pins responsibility for any future mishaps on OMCs

Oil tankers’ association has put forward its list of demands; since 2009, OGRA looking to implement safety measures

Continued suspension is feared to create shortage of petroleum products nationwide

Decision came in the wake of contained inflation, strong economic growth

Despite change at the helm, legal proceedings to continue against different entities

Retail markets incorporating the increase, challenges for companies to continue

May not result in major price war since demand in south is increasing

Pays visit to PSX, says brokers should give positive advice to clients

Say they delay shipments, charge exorbitant freights

PSX acting CEO says risk management measures are in place in case of broker default