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Interim govt increases margin of Oil Marketing Companies & dealers on petroleum products

Zain Aijaz by Zain Aijaz
October 2, 2023
in Featured, National
Reading Time: 2 mins read
Margin for Oil Marketing Companies on petroleum products

ISLAMABAD: After providing some relief on petroleum products, the interim government raised the margin of Oil Marketing Companies (OMC) and dealers on petrol and diesel. According to media reports, the move barred a complete relief to people on petroleum products.

The margin for the oil companies was increased by 47 paisas per litre. Meanwhile, for dealers, it was increased by 41 paisas per litre. Hence, the new margin for OMC on petrol increased to Rs6.94 per litre (from Rs6.47) and on diesel to Rs7.17 per litre (from Rs6.70). Similarly, for dealers, the margin on petrol & diesel reached to Rs7.82 per litre (from Rs7.41).

On the other hand, an increase also occurred in the freight margin of petrol and diesel. For petrol, the margin was increased by 16 paisas per litre and for diesel by Rs1.78 per litre.

Currently, the government is charging Rs80.29 per litre taxes on petrol and petroleum levy of Rs60 per litre. On diesel, it is Rs50 per litre levy

and Rs65-70 per litre taxes. Earlier, a hike of 88 paisas per litre in margin for Oil Marketing Companies and dealers occurred on September 16.

First Relief by Kakar’s Interim Government

On September 30, 2023, the caretaker government took the first step of providing relief to the inflation-hit people of Pakistan by reducing fuel prices. The overall prices of petroleum products went down by Rs11 per litre and were applied on October 1, 2023. This development took place after the Pakistani rupee gained strength against the US dollar.

A relief of Rs 8 per litre occurred in petrol rates (going down from Rs331.38 per litre to Rs323.38). The rate of high-speed diesel came down by Rs11 (from Rs329.18 per litre to Rs318.18).

Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

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