Government increases petroleum dealers' margin to Rs 9.98 per liter

The federal government came under pressure from petroleum dealers to increase profits and the Economic Coordination Committee (ECC) of the cabinet approved a review of petroleum products and increased the margin of petroleum dealers to Rs 9.98 per liter.

Details released by the Ministry of Finance stated that a meeting of the Economic Coordination Committee (ECC) chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb was held in the Finance Division, in which Federal Minister for National Food Security and Research Rana Tanveer Hussain, Federal Minister for Petroleum Ali Pervez Malik, Federal Minister for Economic Affairs Ahad Khan Cheema, federal secretaries and senior officials of the concerned ministries and divisions attended.

It was informed about the meeting that the summary submitted by the Petroleum Division was considered and the issue of revision of dealers’ margin on Motor Spirit (MS) and High Speed ​​Diesel (HSD) was discussed.

Petroleum dealers have succeeded in pressuring the government to increase profits, which is why, following the threat of a strike by a group of petroleum dealers, the government has called an ECC meeting and approved a review of the margin on petroleum products.

According to sources, the margin of petroleum dealers on petroleum products has been increased to Rs 9.98 per liter, while earlier the dealers' margin was Rs 8.64 per liter on petroleum products.