Pakistan ECC Raises Petrol Dealers' Margin by Rs1.34/L

Pakistan's Economic Coordination Committee (ECC) approved a Rs1.34/litre increase in petroleum dealers' margin on Independence Day, lifting it from Rs8.64 to Rs9.98 for motor spirit and high-speed diesel. ISLAMABAD: On Pakistan's Independence Day, the Economic Coordination Committee (ECC) of the Cabinet approved a Rs1.34 per litre increase in the dealers' margin on petroleum products, raising it from Rs8.64 to Rs9.98 per litre. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired the ECC meeting held at the Finance Division, where the committee considered a summary submitted by the Petroleum Division regarding revision of dealers' margins on Motor Spirit (MS) and High-Speed Diesel (HSD). According to senior office bearer of All Pakistan Petrol Pump Owners Association (APPPOA), following the ECC's approval, petroleum dealers will receive a margin of Rs9.98 per litre, compared with the previous margin of Rs8.64 per litre, representing an increase of Rs1.34 per litre. The decision was taken on August 14, which is celebrated across Pakistan as Independence Day, as the ECC considered the Petroleum Division's proposal for revision of dealers' margins on petroleum products. The revision will increase the margin available to petroleum dealers and forms part of the overall petroleum pricing structure. The ECC meeting was attended by Federal Minister for National Food Security and Research Rana Tanveer Hussain, Federal Minister for Petroleum Ali Pervaiz Malik and Federal Minister for Economic Affairs Ahad Khan Cheema, besides federal secretaries and senior officials of the relevant ministries and divisions.