Bad news: OGRA proposes increase in profits of petrol pumps and oil marketing companies
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The Oil and Gas Regulatory Authorities have proposed an increase in the profit margin of petrol pumps and oil marketing companies (OMCs), 24NewsHD TV channel reported on Friday.
According to sources, Ogra wrote to the Petroleum Division to increase OMC and dealers' margins.
The authority suggested an increase in margin on petrol from Rs 7.87 per litre to Rs 9.22 per litre, the insiders said, adding that it proposed an increase in the profit of petrol pumps by Rs 1. 40 per litre.
Increasing dealers' margin on petrol and diesel from Rs.8.64 to Rs.10.04 per litre is proposed, the source said, adding that on the proposal of Ogra, the matter will be sent to the ECC and the Federal Cabinet for approval.