Business
ECC allows increase in dealers’ margin on fuel, diesel
As a result of the approval of the Economic Coordination Committee (ECC), the margin that dealers make on gasoline and diesel has been increased by Rs1.34 per liter respectively.
In the course of an ECC meeting that was presided over by Senator Muhammad Aurangzeb, who is the Minister of Finance, the decision was made.
As a result of the approval, the manufacturers’ profit margin on gasoline and diesel will go up from Rs8.64 to Rs9.98 per liter.
This action is being taken with the intention of addressing the concerns of petroleum dealers and increasing the practicality of operations at gas stations.
Nauman Butt, Vise Chairman of the All Pakistan Petroleum Pumps Owners Association, expressed his satisfaction with the decision and expressed gratitude to Prime Minister Shehbaz Sharif and the Petroleum Minister for their approval of the hike.