ISLAMABAD – The Oil and Gas Regulatory Authority (OGRA) has proposed an increase in petrol prices by Rs2.75 per litre, according to sources. This increase aims to boost the profit margins for oil companies and petrol pump dealers in Pakistan.
The proposal sent to the government recommends raising the profit margin for oil companies by Rs1.35 per litre, bringing it to Rs9.22. Meanwhile, petrol pump owners could see their margin increase by Rs1.40 per litre, reaching Rs10.04. Currently, both oil companies and petrol dealers have a profit margin of Rs8.64 per litre on diesel and petrol.
The proposal also incorporates costs related to the digitization of petrol pumps. Oil companies have factored in 50 paisas per litre for this initiative, while petrol pump owners have included an additional 25 paisas per litre for digitization-related expenses.
This expected price hike follows a reduction in fuel prices announced by the government on October 1, when petrol was reduced by Rs2.7 per litre and high-speed diesel (HSD) by Rs3.40 per litre. However, the new proposal, if approved, could increase transportation and living costs for consumers across the country.
The government is currently reviewing OGRA’s proposal, and a final decision is expected soon
