The Economic Coordination Committee (ECC) has approved an increase in profit margins for Oil Marketing Companies (OMCs) and petrol dealers, a move that will raise petroleum prices for consumers by up to Rs2.56 per litre.
According to sources, the first phase of the increase will immediately add Rs1.28 per litre to the price paid by the public. Under the approved adjustment, OMCs will receive an additional Rs1.22 per litre on petrol, while diesel dealers will get an increased commission of Rs1.34 per litre.
The ECC has agreed to raise margins by 5% to 10% for both OMCs and fuel dealers. Half of the increase will be implemented right away, while the remaining portion will be linked to progress in digitalisation efforts within the petroleum sector.
Sources added that the Petroleum Division has been instructed to present a detailed report on the digitalisation process to the ECC by June 1, 2026.
