Earlier, we reported that the Economic Coordination Committee (ECC), in a meeting chaired by Finance Minister Muhammad Aurangzeb, had approved stricter regulations for vehicle imports. Simultaneously, the committee also turned its focus to the energy sector and reviewed the profitability metrics of Oil Marketing Companies (OMCs) and fuel dealers.
To help the OMCs and dealers cope with inflation, the ECC approved a margin increase of approximately 5% to 10% on petrol and diesel.
However, this increase comes with a condition: only half of the raise will be granted immediately. The remaining 50% is contingent upon the successful digitization of their payment and sales systems. The Petroleum Division is scheduled to assess progress on this modernization effort by June 1, 2026.
This decision suggests a likely increase in petrol prices in the coming fortnight. With the current OMC margin at Rs 7.87 and the dealer margin at Rs 8.64 for both petrol and diesel, any increase in these margins will be passed on to the end user, likely resulting in a minimal, albeit likely, hike in fuel costs.
Comments are closed.