Islamabad: (RightNow) Approval for an increase in petroleum dealers’ profit margin is awaited. The Ministry of Petroleum has submitted a summary to the Economic Coordination Committee (ECC). The meeting is scheduled for 6 PM today.

The meeting’s sole agenda is to discuss the increase in dealers’ margin on petroleum products. An approval for a 1.34 rupees per liter increase in the dealers’ margin will be considered.

Currently, a dealers’ margin of 8.64 rupees per liter is being charged on petroleum products. If approved, this margin will rise to 9.98 rupees.

The government assured dealers of a margin increase during negotiations. The Ministry of Petroleum has linked the margin of oil marketing companies to digitalization.

It is important to note that an increase in petroleum product prices also affects general consumers. This move will enhance the earnings of petroleum dealers.