The government has given its approval to boost petroleum dealers’ and OMCs’ margins. The government backed the ECC’s decision to increase margins by Rs1.70, despite top ministers’ misgivings, saying that people would be forced to bear the expense.
Asad Umar, Shibli Faraz, and Azam Swati are among the ministers who have expressed doubts. They insisted that the ECC recommendations be reconsidered by the cabinet energy committee.
“This is my job, let me do it,” Hamad Azhar responded.
The OMC margin on petrol has been enhanced by Rs3.68 by the federal cabinet. The federal cabinet has approved a Rs1.70 per litre hike in oil dealer and oil marketing company margins.
The federal cabinet has approved an increase in the OMC margin on petrol from Rs2.97 to Rs3.68 paisa and a decrease in the dealer margin from Rs3.91 to Rs4.90, according to sources.
Last month, the government agreed to increase the margin on petrol by 99 paisas to Rs4.90 a litre, as requested by petroleum dealers.
After going on strike to put pressure on the government to enhance the margin, the dealers reached an agreement.
