July 28, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has fixed petroleum dealers’ margin at Rs7.00/litre for Motor Spirit (MS) and High-Speed Diesel (HSD), said a press release issued today.
Federal Minister for Finance and Revenue Mr Miftah Ismail presided over the ECC meeting at Finance Division today.
Petroleum Division submitted a summary on the revision of OMCs and dealers’ margins on petroleum products.
It was informed that the existing margins were fixed in December 2021 and Pakistan Petroleum Dealers Association has approached the government for immediate revision of their margins due to inflation, increase in tariff salaries and utility bills, etc.
The ECC after discussion approved the proposal to fix dealers' margins at Rs7.00/litre for Motor Spirit (MS) and High-Speed Diesel (HSD).
Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Planning, Development and Special Initiatives Mr Ahsan Iqbal, Federal Minister for Industries and Production Makhdoom Syed Murtaza Mehmood, Federal Minister for Power Mr Khurram Dastgir Khan, Federal Minister for National Food Security and Research Chaudhary Tariq Bashir Cheema, Mr Shahid Khaqan Abbasi – MNA/ex-PM, Minister of State for Finance and Revenue Dr Aisha Ghous Pasha, Minister of State for Petroleum Mr Musadik Masood Malik, Rana Ihsan Afzal, Coordinator to the PM on Commerce & Industry, Coordinator to the PM on Economy Mr Bial Azhar Kayani, Federal Secretaries and senior officers attended the meeting.
