Govt agrees to raise profit margin of petroleum dealers

By: News Desk      Published: 02:35 PM, 25 Nov, 2021
Govt agrees to raise profit margin of petroleum dealers
Representational image.

The government has acceded to raise the margin of profit of the petroleum dealers after their countrywide strike which has brought to a halt the supply of petrol at pump stations across the country today (Thursday) leaving motorists in the lurch, reported 24NewsHD TV channel.

According to the 24News TV channel, in its summary, the petroleum division has suggested raising the profit margin of the Oil Manufacturing Companies (OMCs) by 71 paisas per litre on petrol and high-speed diesel. It has also been recommended to hike the OMCs’ profit margin from Rs2.97 to Rs3.68. 

Sources said there is 99 paisas per litre increase in the dealers’ margin on petrol. On high-speed diesel, it was suggested to raise the MOCs margin by 83 paisas per litre. 

According to the suggestion of the petroleum division, the dealers’ margin on petrol could be raised from Rs3.91 to Rs4.90; and on high-speed diesel, the margin could be spiked from Rs3.30 to Rs4.13 per litre. 

Also Read: Public suffers as petrol pumps shut down across Pakistan

The petroleum division has sent the summary to the Economic Coordination Committee.

On the other hand, the Pakistan Petroleum Dealers Association (PPDA) has demanded an increase in their profit margin by Rs8.75/litre, sources concluded. 

Reporter Awais Kiyani