Petrol, Diesel Dealers’ Margin Increased to Rs9.98 Per Liter

ISLAMABAD: The Economic Coordination Committee (ECC) has approved an increase of Rs1.34 per liter in the dealers’ margin on petrol and diesel, raising it to Rs9.98 per liter.

According to sources, the dealers’ margin on both petrol and diesel was previously Rs8.64 per liter. Following the ECC’s approval, the margin has now been increased to Rs9.98 per liter.

Nauman Butt, Vice Chairman of the All Pakistan Petrol Pumps Owners Association, thanked the prime minister and petroleum minister for approving the increase.

The association said the government had fulfilled its longstanding demand by increasing the dealers’ margin by Rs1.34 per liter.

Meanwhile, the government collected more petroleum levy than both its target and the International Monetary Fund’s (IMF) estimate during the last fiscal year.

According to Finance Ministry sources, more than Rs1,560 billion was collected under the petroleum levy during the previous fiscal year. More than Rs50 billion was also collected under the Climate Support Levy.

Petroleum levy collections were around Rs100 billion higher than the government’s target and Rs21 billion above the IMF’s estimate.

Currently, a petroleum levy of Rs80 per liter is being charged on petrol, while Rs77.28 per liter is imposed on high-speed diesel. In addition, a Climate Support Levy of Rs5 per liter is being collected separately on both petrol and diesel.