MM News TV
Sunday 23rd January 2022 / 20 Jamadilakhir 1443

Petroleum division suggests increase in margin of OMCs


ISLAMABAD: Petroleum division on Thursday has suggested 71 paisa per liter increase in the margin of oil marketing companies.

Sources told that the authorities have recommended to hike OMC margin on petrol by Rs3.68 from Rs2.97 and Rs3.68 on high speed diesel.

The petroleum division has also suggested to increase dealer margin on petrol and diesel by 99 paisa and 83 paisa respectively.

Sources told that a recommendation was also presented to increase dealer margin on petrol by Rs4.90 and Rs4.14 on high speed diesel.

A summary in this regard has also been dispatched to Economic Coordination Committee (ECC).

On the other hand, petroleum dealers association has demanded to increase the margin by approximately Rs9.

Read more: OGRA warns of action over hindering fuel supply

The strike of Pump Dealers Association in different cities of the country including Rawalpindi, Islamabad, Lahore, and Karachi has begun from today.

According to details, the Petrol Pump Dealers Association has announced a nationwide strike. Long queues of vehicles formed at petrol pumps in different cities of the country including Karachi, Lahore, and Islamabad.

Citizens of Peshawar, Hyderabad, and Sukkur are also suffering due to the non-availability of petrol. Lines of vehicles and motorcycles were also set up at petrol pumps in Faisalabad and Bahawalpur. 

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