Petrol and Diesel prices likely to rise significantly in Pakistan

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Petrol and Diesel prices likely to rise significantly in Pakistan

Petrol and Diesel prices are expected to rise link more following the surge in petrol rates twice in the current month of January.

According to sources, the Petroleum Division has sent a summary of petrol and diesel premium and dealer margin increase to the Economic Coordination Committee (ECC) for consideration.

The summary has proposed an increase of 45 paisa per liter in OMC petrol premium margin and 58 paisa per liter in dealer margin, sources added.

It has been proposed to increase the OMC margin of high-speed diesel by 45 paisa per liter while the margin of dealers likely to surge by 50 paisa per liter.

After the proposed increase in petrol, OMC margin will increase from Rs2.81 paisa to Rs3.26 paisa per liter while dealers margin will increase from Rs3.70 paisa to Rs4.28 paisa per liter.

Whereas, after the proposed surge on high speed diesel, the OMC margin will increase from Rs2.81 paisa to Rs3.26 paisa per liter while the dealers margin will increase from Rs3.12 paisa to Rs3.62 paisa per liter.