ISLAMABAD (Kashmir English): Oil marketing companies and dealers have submitted their profit details to the Economic Coordination Committee (ECC), after which the chances of increasing the prices of petrol and diesel per liter have increased.
According to sources, oil marketing companies and dealers have told the Economic Coordination Committee in the details given that in the current situation, their profit on petrol and diesel can increase by about Rs 2.40 per liter. At present, the profit of oil marketing companies is Rs 7.87 per liter, while the commission of dealers is Rs 8.64 per liter.
The Economic Coordination Committee has started considering a proposal to increase the profit of oil marketing companies and dealers from Rs 1.10 to Rs 1.28 per liter. After the approval of the committee and the ratification of the federal cabinet, these prices will be implemented for the public.
According to experts, the increase in petrol and diesel prices can also affect the daily life of people and transport fares. Therefore, the decisions of the committee and the federal cabinet will be regularly and transparently released to the public so that the citizens are informed.
After the recommendation of the Economic Coordination Committee, the federal cabinet will give final approval, and after that, the new prices will be implemented. Regular information will be provided to the public so that they can estimate future expenses in advance.
