The federal government has enhanced dealer profit margins by Rs. 0.41 per liter for petrol/diesel, with an additional rise in OMC margins of Rs. 0.47 per liter on petrol and Rs. 0.57 on diesel.
Meanwhile, the petroleum development levy (PDL) for high-speed diesel has been increased from Rs. 50 to Rs. 55 per liter. The PDL on petrol remains unchanged at Rs. 60 per liter.
HSD prices witnessed a decline of PKR 15.00/liter
The price of High-Speed Diesel (HSD) has gone down by PKR 15.00/liter, equivalent to a 4.7% decrease, now standing at PKR 303.18/liter.
In contrast, the Oil Marketing Company (OMC) margins have risen by PKR 0.47/liter, and… pic.twitter.com/gmjwDp4nU4
— Arif Habib Limited (@ArifHabibLtd) October 16, 2023
The Oil Marketing Company (OMC) margin on petrol has seen an increase of Rs. 0.47 per liter, an adjustment that will likely affect the cost structure of petrol. Alongside the revision in OMC margins, the dealer margin on petrol has also been raised, with an additional Rs. 0.41 per liter. This change brings the dealer margin to a fixed rate of Rs. 8.23 per liter.
The dealer and OMC margins for HSD now stand at fixed rates of Rs. 8.23 per liter and Rs. 7.41 per liter, respectively.
These changes in taxes and margins on fuel are part of the government’s ongoing efforts to manage the fiscal situation while addressing consumer concerns. The relief on high-speed diesel, combined with the adjustments in petroleum levy and dealer margins, is expected to have an impact on fuel prices for consumers across the country.
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