ECC okay to increase margin of OMC dealers by Rs1.64/litre

By MG News | September 06, 2023 at 11:36 PM GMT+05:00

0:00

September 06, 2023 (MLN): The Economic Coordination Committee (ECC) of the Cabinet on Wednesday decided to enhance the Petroleum dealers' margins on MS & HSD by Rs1.64 per liter in four fortnightly instalments of Rs0.41 per liter with effect from September 15, 2023, said a press release issued by the Finance Division.

Moreover, the OMCs margin on MS & HSD was decided to be enhanced by Rs1.87 per liter in four fortnightly instalments of Rs. 0.47/liter with effect from September 15, 2023.

Furthermore, after a detailed discussion, it was also decided by the ECC that in order to ensure efficiency and timeliness these margins shall be determined by OGRA on the basis of a systematic mechanism to be developed by OGRA after considering PSO’s operating cost for OMC and dealers.

The summary was tabled by the Ministry of Energy (Petroleum Division).

Caretaker Federal Minister for Finance, Revenue, Economic Affairs and Privatization Dr. Shamshad Akhtar chaired the said meeting.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	131,949.07 198.95M	0.97% 1262.41
ALLSHR	82,069.26 730.83M	0.94% 764.01
KSE30	40,387.76 80.88M	1.11% 442.31
KMI30	191,376.82 77.76M	0.36% 678.77
KMIALLSHR	55,193.97 350.11M	0.22% 119.82
BKTi	35,828.25 28.42M	3.64% 1259.85
OGTi	28,446.34 6.84M	-1.02% -293.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,660.00	110,525.00 109,125.00	-755.00 -0.68%
BRENT CRUDE	68.18	68.89 67.75	-0.62 -0.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	108.45	0.00 0.00	0.25 0.23%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.41	67.18 66.04	-0.59 -0.88%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%