Petrol, Diesel prices likely to rise in Pakistan

Petrol and diesel prices in Pakistan can rise up to Rs2.40 per litre
An image of employees at a fuel station wait for customers in Islamabad on February 16, 2022. — AFP
An image of employees at a fuel station wait for customers in Islamabad on February 16, 2022. — AFP

The Economic Coordination Committee (ECC) is set to make a decision on increasing profit margins for oil marketing companies (OMCs) and fuel dealers.

Reportedly, this decision can make petrol and diesel more expensive for consumers.

To date, the OMCs are making a profit of Rs 7.87 per litre on petrol and diesel. The dealers also receive a commission of Rs8.64 per litre on both fuels. 

Moreover, the consumers pay Rs16.51 per litre as profit and commission to OMCs and dealers.

The proposal under consideration is to increase the profit of OMCs and dealers by Rs1.10 to Rs1.28 per litre. 

If approved, petrol and diesel prices could rise up to Rs2.40 per litre, sources added.

The changes will be implemented by the government after approval from the ECC and ratification from the federal cabinet, sources said.