Karachi September 16 2023: The Government of Pakistan has implemented the first phase of the Economic Coordination Committee's (ECC) commitment to increase Oil Marketing Company (OMC) margins on petrol and High-Speed Diesel (HSD) by about 47 paisas in recently announced petroleum prices effective from September 16, 2023.
Following this adjustment, OMCs are now receiving a margin of PKR 6.47 per liter on Motor Spirit (MS) and PKR 6.70 per liter on HSD.
Additionally, the government has raised dealer margins for both petrol and HSD by 41 paisas. Consequently, dealers are now receiving PKR 7.41 per liter for both MS and HSD.
Previously, the ECC had approved a cumulative increase of PKR 1.87 per liter in OMC margins for MS and HSD, raising it from the previous PKR 6.0 per liter to PKR 7.87 per liter. This increase was to be implemented in four bi-weekly installments of PKR 0.47 per liter, commencing on September 15, 2023.
Furthermore, the enhancement of Petroleum dealers' margins for MS and HSD was scheduled to take place in four bi-weekly installments of PKR 0.41 per liter, starting from September 15, 2023. This would increase the margin from the existing PKR 7 per liter to PKR 8.64 per liter.
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