The Federal Government has agreed to increase the margin of petroleum dealers after pressure from the Pakistan Petroleum Dealers Association (PPDA).
According to the details, the petroleum dealers will get an increase of Rs. 1.64 per litre in their margin for motor spirit (MS) or petrol and high-speed diesel (HSD).
The development comes after State Minister for Petroleum, Musadik Malik held talks with PPDA delegation and other stakeholders on Monday.
After the increase, the petroleum dealers’ margin for petrol and diesel will rise to Rs. 7.64 per litre from the current margin of Rs. 6 per litre.
However, the increase in dealers’ margin will not take place all at once and will be implemented over the next 4 fortnights, which means rise in price of petrol for consumers.
According to the details, the increase will take place by Rs. 0.41 per litre over the next 4 fortnights for a total of Rs. 1.61 per litre.
PPDA Chairman, Abdul Sami Khan, has stated that dealers are not happy with the increase but agreed to it in order to prevent strikes.
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