ECC approves increase in profit margins for petrol dealers

MG News | December 01, 2021 at 05:31 PM GMT+05:00

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December 1, 2021 (MLN): The Economic Coordination Committee (ECC) of the federal cabinet on Wednesday has approved a proposal tabled by the Ministry of Energy (Petroleum Division) to raise profit margins of dealers on petrol by Rs0.99 per litre to Rs 4.90, according to the sources.

Moreover, the ECC has increased the profit margin on high-speed diesel (HSD) for dealers by Rs0.83 per liter to Rs4.13.

To note, on November 25, the Pakistan Petroleum Dealers Association (PPDA) had called off the strike after the assurance from the government that profit margins will be increased by Rs0.99 per litre or 25 percent.

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