The Economic Coordination Committee (ECC) meeting is being held in Islamabad today, in which an important decision is expected regarding the possible increase in petrol and diesel prices. The meeting will also consider the possible impact on the public.
The government has put forward proposals to significantly increase the margins of oil marketing companies and petroleum dealers. If these proposals are approved, there is a risk that petroleum products will become more expensive.
According to sources, the main proposal presented to the ECC, “Option Two,” recommends increasing the OMC margin to Rs 1.63 per liter, while the petroleum dealers’ margin to Rs 1.79 per liter.
If these proposals are approved, the increase in petrol and diesel prices could lead to further inflation and an additional financial burden on ordinary consumers.
