ISLAMABAD: The Economic Coordination Committee (ECC) has approved a revision in the dealers’ margin on petroleum products, increasing it from Rs8.64 to Rs9.98 per litre following pressure from petroleum dealers.
The ECC meeting was chaired by Finance Minister Muhammad Aurangzeb at the Finance Division and attended by Federal Minister for National Food Security and Research Rana Tanveer Hussain, Petroleum Minister Ali Pervaiz Malik, Economic Affairs Minister Ahad Khan Cheema, federal secretaries and senior officials from relevant ministries and divisions.
According to the Finance Ministry, the committee considered a summary submitted by the Petroleum Division and discussed a proposal to revise dealers’ margins on motor spirit (MS) and high-speed diesel (HSD).
The decision came after a group of petroleum dealers threatened to go on strike to press the government for an increase in their margins.
Under the approved revision, dealers’ margins on petroleum products will rise to Rs9.98 per litre from the existing Rs8.64 per litre, an increase of Rs1.34 per litre.
The move is expected to address the dealers’ longstanding demand for higher margins while ensuring the continued operation of fuel stations across the country.
More read, Oil prices fall as Iran-US ceasefire extension hopes grow
Earlier, Global oil prices declined as growing expectations of an extension of the ceasefire between Iran and the United States eased concerns over potential disruptions to crude supplies from the Middle East.
According to market data, Brent crude futures for October delivery fell $1.29, or about 1.5%, to $87.69 per barrel. US West Texas Intermediate crude also declined by $1.30, or 1.6%, to $81.97 per barrel.
The decline was mainly attributed to expectations of weaker global oil demand in 2026 and reports of rising US crude inventories, which have increased pressure on prices.
