By our correspondent
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved an increase in profits for oil marketing companies (OMCs) and dealers, a move that will add to the financial burden on consumers.
Under the decision, profits and dealer commissions on petrol and diesel will rise by PKR 2.56 per liter. Once the federal cabinet gives final approval, half of the increase—PKR 1.28 per liter—will be immediately added to the prices of petrol and diesel, while the remaining half will be linked to the digitalization of the petroleum sector, with a deadline set for June 2026.
Currently, OMCs earn PKR 16.51 per liter on petrol and diesel, including dealer commissions. Following the ECC approval, this will rise to PKR 17.79 per litre, with 61 paisa allocated to company profits and 67 paisa to dealer commissions for petrol. The same increase applies to diesel. The ECC’s approval is now subject to final endorsement by the federal cabinet.
