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).