Regulatory Alerts2026-05-07 | EPD Circular Letter No. 10Permission for Import of Crude Oil and Petroleum Products on CIF Basis
The Exchange Policy Department has extended the validity of its CIF import relaxation for crude oil and petroleum products until July 10, 2026. Authorized foreign exchange dealers must promptly notify their constituents to ensure strict compliance with the updated terms originally established in March 2026. This directive applies to all import transactions processed under the CIF basis, effectively replacing previous expiration dates and streamlining regulatory oversight.
Circulars/Notifications - Exchange Policy Department
EPD Circular Letter No. 10 of 2026
May 07, 2026
The Presidents/Chief Executives of All Authorized Dealers in Foreign Exchange
Dear Sir/Madam,
Permission for Import of Crude Oil/ Petroleum Products on CIF Basis
Attention of Authorized Dealers is invited towards EPD Circular Letter No. 04 of March 11, 2026, on the captioned subject.
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In this regard, it has been decided to extend the validity of the relaxation granted under the aforesaid circular letter for import of Crude Oil/ Petroleum Products on CIF basis up to July 10, 2026.
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Authorized Dealers are advised to bring the above to the notice of all their constituents for meticulous compliance.
Yours truly,
-sd-
(Dr. Asif Ali) Director-EPD