ISLAMABAD (Dunya News) – Fuel prices may go up in the coming days after the Economic Coordination Committee (ECC) approved an increase of 5 to 10 percent in margins for oil marketing companies (OMCs) and petroleum dealers.
According to an official statement, the ECC meeting was chaired by Finance Minister Muhammad Aurangzeb, where the increase in profit margins on petrol and diesel was approved.
Sources said the decision could push petrol and diesel prices up by as much as Rs2.56 per litre. Half of the margin increase will be applied immediately, while the remaining half will be linked to the digitisation of the petroleum supply chain.
Officials said the move aims to support dealers and OMCs struggling with rising operational costs. However, for consumers already feeling the pinch, the decision may add fuel to the fire.
The final call on price revisions will be made during the next fuel price announcement.