The Economic Coordination Committee (ECC) is set to review a proposal that could increase profit margins for oil marketing companies (OMCs) and fuel dealers. The move, once approved, may lead to a rise in petrol and diesel prices across the country. Preparations for adjusting these margins have already been completed, and the final decision now rests with the ECC.
Proposed Profit Hike May Raise Fuel Prices
According to sources, the summary for the proposed adjustment has been submitted to the ECC. The committee will evaluate and decide on new profit structures for both OMCs and fuel dealers. If approved, the increase may push petrol and diesel prices up by as much as Rs2.40 per litre.
The proposal suggests raising profit margins by Rs1.10 to Rs1.28 per litre. Currently, OMCs earn Rs7.87 per litre on both petrol and diesel. Dealers also receive a commission of Rs8.64 per litre on each fuel type. These margins contribute significantly to the final pump price consumers pay.
Consumers Already Paying High Combined Profit Margins
At present, consumers are paying a combined profit of Rs16.51 per litre to OMCs and dealers on petrol. The same combined amount applies to diesel prices as well. Any increase in these margins will further add to the burden on fuel buyers, who are already facing rising living costs.
The implementation of the new rates will follow formal ECC approval and subsequent endorsement by the federal cabinet. Only after these steps will the revised margins become effective at fuel stations nationwide.
