Plan to boost the margin by Rs0.88 starting November 1st.


Islamabad: Oil marketing companies and dealers are expected to witness a rise in their margins on petrol and diesel starting November 1.
The proposed increment is set to boost margins by Rs0.88 per liter.
Specifically, oil companies' margins are expected to increase by Rs0.47 per liter, with dealers seeing a Rs0.41 per liter increase.
It's noteworthy that the government intends to phase in these margin increases, ultimately reaching Rs1.88 for oil companies and Rs.1.64 for dealers across four stages.
This news coincides with an anticipated decrease in petroleum product prices on November 1.
The decrease is attributed to a drop in global crude oil prices and the depreciation of the Pakistani rupee against the US dollar.
Reports suggest a $5 per barrel decrease in global crude oil prices, with petrol prices in Pakistan expected to decline by Rs20 per liter and high-speed diesel by Rs16 per liter.

Mustafa Amir murder case: Father and son clash in court during case hearing
- 10 گھنٹے قبل

Dollar surges as forex markets struggle amid IMF delays, economic pressures
- 9 گھنٹے قبل

JI chief offers help for Afghanistan talks, slams govt’s approach to national security
- 12 گھنٹے قبل
Gold prices hit historic highs amid global economic concerns
- 11 گھنٹے قبل

Ruet-e-Hilal Committee to meet on March 30 for Shawwal moon sighting
- 8 گھنٹے قبل
Somali militants attack presidential convoy, president escapes unhurt
- 6 گھنٹے قبل

Nagpur riots: Hindu extremist group demands destruction of Aurangzeb's tomb
- 12 گھنٹے قبل
Army Chief stresses need for national unity in fight against terrorism
- 6 گھنٹے قبل

Sindh announces holiday for educational institutions on March 22
- 9 گھنٹے قبل
Virtual learning introduced at Balochistan universities amid growing security risks
- 6 گھنٹے قبل
Jaffar Express resumes operations after terrorist attack
- 12 گھنٹے قبل

Pakistan vows full force against terrorism in recent security meeting
- 9 گھنٹے قبل