Petroleum dealers will receive a higher margin on petrol and diesel after the Economic Coordination Committee (ECC) approved an increase of Rs1.34 per litre.
The decision came during an ECC meeting chaired by Finance Minister Senator Muhammad Aurangzeb.
Following the approval, the dealers’ margin on both petrol and diesel will rise from Rs8.64 to Rs9.98 per litre.
The government aims to address concerns raised by petroleum dealers and improve the financial viability of petrol pump operations.
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Dealers welcome decision
Vice Chairman of the All Pakistan Petroleum Pumps Owners Association Nauman Butt welcomed the ECC’s decision.
Butt thanked Prime Minister Shehbaz Sharif and the Petroleum Minister for approving the margin increase.
The decision is expected to provide some financial relief to petrol pump operators, who have been seeking an increase in their margins.
