Given that the government decided to raise the margin for oil marketers and petroleum dealers, the price of petrol in Pakistan may increase even more.
According to reports in the local media citing sources, prices for petrol and diesel are likely to go up for the next two weeks as the Economic Coordination Committee (ECC) approved raising the sale margin.
The increase in the margin for petrol and diesel for oil marketing companies by Rs1.87 per litre was approved on Wednesday by the Economic Coordination Committee (ECC), which is led by interim finance minister Shamshad Akhtar.
According to reports, the government has permitted an increase in the sale margin, but following last month’s significant increase, the Kakar-led government this time chose to slightly raise prices. For the second half of the current month, dealers will pay a higher per-litre price of Rs. 41.
The price of petrol reached a record high of Rs305.36 per litre last month after the interim government raised it by Rs14.9 per litre, while the cost of high-speed diesel (HSD) increased by Rs18.44.
