ISLAMABAD — Pakistan’s Economic Coordination Committee (ECC) has approved an increase of Rs1.34 per litre in the dealers’ margin on petroleum products, the Finance Ministry said on Saturday.
The decision was taken at a meeting of the ECC chaired by Finance Minister Senator Muhammad Aurangzeb, which reviewed a summary submitted by the Petroleum Division seeking a revision in dealers’ margins on Motor Spirit (MS) and High-Speed Diesel (HSD).
Following the approval, the dealers’ margin will rise to Rs9.98 per litre from Rs8.64 per litre.
Noman Ali Butt, Vice Chairman of the All Pakistan Petrol Pump Owners Association, confirmed the increase and thanked Prime Minister Shehbaz Sharif and Petroleum Minister Ali Pervaiz Malik for approving the revision.
The meeting was attended by Federal Minister for National Food Security and Research Rana Tanveer Hussain, Petroleum Minister Ali Pervaiz Malik, Minister for Economic Affairs Ahad Khan Cheema, as well as federal secretaries and senior officials from the relevant ministries and divisions.
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