The price of petroleum products in Pakistan is projected to rise by Rs2.75 per litre, as the Oil and Gas Regulatory Authority (OGRA) has made measures to boost the earnings of oil corporations and petrol pumps.
According to sources, the government has received a proposal that would raise the profit margin for oil corporations by Rs1.35, to Rs9.22 per liter. The planned rise for gas sellers is Rs1.40, meaning that their profit would now be Rs10.04 per liter.
The profit margin on gasoline and diesel is currently Rs. 8.64 per liter.
The plans also take into consideration the expenses related to the digitalization of gas pumps alongside to these profit changes. Petrol station owners are including a cost of 25 paisas per liter in their profit projections, while oil corporations have put in a digitalization project cost of 50 paisas per litre.
Consumers may soon see a rise in gasoline prices as the government considers these measures, which would affect transportation and general living expenditures nationwide.
The government stated on October 1st that the costs of gasoline and diesel will be drastically reduced for the following two weeks. The Finance Ministry said that the price of gasoline was lowered by Rs. 2.7 per litre and that of high-speed diesel (HSD) by Rs. 3.40 per litre.
