ISLAMABAD: Petrol prices in Pakistan are anticipated to increase by Rs2.75 per litre as the Oil and Gas Regulatory Authority (OGRA) proposes changes aimed at enhancing the profitability of oil companies and petrol stations.
According to sources, OGRA’s proposal to the government includes a raise in the profit margin for oil companies by Rs1.35, elevating it to Rs9.22 per litre. For petrol dealers, the suggested increase is Rs1.40, bringing their margin to Rs10.04 per litre. Currently, the profit margins for both diesel and petrol stand at Rs8.64 per litre.
In addition to these adjustments, the proposals also consider costs related to the digitization of petrol pumps. Oil companies have included a digitization project cost of 50 paisas per litre, while petrol pump owners have proposed an additional 25 paisas per litre.
As the government reviews these proposals, consumers may soon face higher fuel costs, which could have a cascading effect on transportation expenses and overall living costs across the nation.
Notably, on October 1, the government announced a significant reduction in petrol and diesel prices for the upcoming fortnight, with petrol prices dropping by Rs2.70 per litre and high-speed diesel (HSD) seeing a decrease of Rs3.40 per litre.
