Proposal to increase profits for oil marketing companies and dealers may raise petrol and diesel prices

A proposal to increase profits for Oil Marketing Companies (OMCs) and fuel dealers has been submitted to the Economic Coordination Committee (ECC), raising the possibility of higher petrol and diesel prices in Pakistan.

According to sources:

The ECC will decide on the proposed profit margins for OMCs and dealers.

The move could potentially make petrol and diesel up to PKR 2.40 per liter more expensive.

Proposed increases in profits range from PKR 1.10 to PKR 1.28 per liter.

Current profit structure:

OMCs profit: PKR 7.87 per liter for both petrol and diesel.

Dealers commission: PKR 8.64 per liter for both petrol and diesel.

Total profit paid by consumers: PKR 16.51 per liter for both petrol and diesel.

Officials noted that any revision in prices will come after ECC approval and endorsement by the federal cabinet.

The potential increase reflects ongoing adjustments in the petroleum sector to balance company margins with market dynamics, which could impact household and transport fuel costs nationwide.