Petrol, diesel prices likely to rise after dealer margin increase

The government's Economic Coordination Committee (ECC) has approved an increase in the profit margin for petroleum dealers. Chaired by Finance Minister Muhammad Aurangzeb, the committee sanctioned a hike of Rs 1.36 per litre for both petrol and diesel, raising the total margin to Rs 9.98 per litre. This decision is anticipated to result in higher fuel prices for consumers. In a related development, the Pakistan Petroleum Dealers Association has proposed to the government that fuel prices should be revised on a weekly or fortnightly basis.