Petrol, diesel prices to go up if govt bows to petroleum dealers pressure

Pakistani people will have to bear the burnt if the government accepts the demand of petroleum dealers for a substantial hike in the dealer margin, reported 24NewsHD TV channel.

The Petroleum Dealers Association has intensified its efforts to address the financial challenges posed by inflation and increased operating costs by demanding a significant margin hike from the government.

According to reliable sources within the government, the association seeks to raise the dealer margin by a staggering 81.16%, signalling potential price escalations in petrol and diesel.

Sources from the Petroleum Division reveal that the association has demanded an increase of Rs 5.67 per litre in the dealer margin for diesel and Rs 5.65 per litre for petrol.

If approved, this move would lead to a considerable jump in the dealer margin, soaring from the current Rs 2.77 per litre to Rs 12.65 per litre on petrol and Rs 2.76 per litre to Rs 12.67 per litre on diesel.

The decision on whether to approve the requested margin hike remains crucial, as it could impact citizens significantly, adding to the burden of inflation and escalating costs.

A year ago, the government raised the dealer margin to 69.49%, with an increase of Rs 2.87 per litre, as stated by government sources.

The Petroleum Dealers Association justifies their demand, citing the inevitable impact of inflation and rising costs, including electricity and salary increments. They assert that the proposed margin increase is essential for dealers to maintain their operations sustainably.

While the government deliberates on the association's plea, citizens are urged to stay informed about any potential price changes in fuel. As the situation unfolds, consumers and industries relying heavily on fuel must prepare for the possibility of higher prices at the pump.

Reporter: Awais Kiyani