ECC to review Rs1.34 hike in dealers’ margin

ISLAMABAD: The Economic Coordination Committee (ECC) is set to consider a proposal to increase the margin of petroleum dealers.

The meeting will be held on Friday evening. Federal Finance Minister will chair the session. The meeting is scheduled for 6pm.

According to sources, the increase in petroleum dealers’ margins is the only item on the agenda. The committee will examine a proposal for a Rs1.34 per litre increase.

Petroleum dealers currently receive a margin of Rs8.64 per litre on petroleum products. If approved, the proposed increase will raise the margin to Rs9.98 per litre.

The proposal comes after discussions between the government and representatives of petroleum dealers. During those talks, the government had assured dealers that their margin would be increased.

Dealers have been seeking an adjustment in their margin amid rising operational expenses. They argue that higher costs have affected the profitability of their businesses.

The ECC will review the proposal and decide whether the increase should be approved. The committee’s decision will determine the next steps for implementing the proposed adjustment.

Any increase in the dealers’ margin could also affect the overall pricing structure of petroleum products. The final impact will depend on how the government incorporates the additional margin into the pricing mechanism.