Govt likely to raise petroleum prices again

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ISLAMABAD: The government is preparing to impose another additional burden of petroleum products on the people as petroleum division has prepared a summary proposing 45 paisa per litre increase in oil marketing companies (OMCs) margin on every litre of both petrol and high speed diesel (HSD).

It has also recommended to increase dealer margin by 58 paisa per litre on petrol and 50 paisa on HSD.

As such, the OMCs could now get Rs3.26 per liter margin on both products. The dealers could earn Rs4.28 per liter commission on sale of petrol and Rs3.62 on HSD.

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