TRADE & ECONOMY
A summary seeking an increase in the profit margins of oil marketing companies (OMCs) and petrol dealers has been forwarded to the Economic Coordination Committee (ECC), sources said on Saturday. The move is likely to result in a further rise in the prices of petrol and diesel across the country.
According to sources, the ECC is expected to decide soon on whether to approve the revised profit structure. If approved, the adjustment could lead to a price hike of Rs 2.40 per liter for both petrol and diesel.
Proposed Increase in Profit Margins
Sources revealed that the profit margin for OMCs and dealers is proposed to be raised from Rs 1.10 to Rs 1.28 per liter. The increase, they said, is aimed at adjusting margins in line with operational costs and market conditions.
At present, OMCs earn Rs 7.87 per liter on both petrol and diesel. Dealers currently receive a commission of Rs 8.64 per liter on the two major fuels.
This means consumers are already paying Rs 16.51 per liter of petrol — and the same amount for diesel — in profit and commission combined.
Implementation After ECC and Cabinet Approval
Sources added that any change in the profit structure will only take effect after approval by the ECC, followed by formal ratification from the federal cabinet.
The proposal comes at a time when inflationary pressure remains high and fuel prices continue to influence the cost of transportation and essential commodities across the country.
If the ECC approves the revised margins, consumers may face yet another rise in fuel prices in the coming review cycle.