Government ready to drop ‘petrol bomb’ on inflation-hit public

ISLAMABAD (92 News) – The federal government is ready to drop ‘petrol bomb’ on inflation-hit public as the Petroleum Division has proposed increase the petrol price by 45 paisas per litre in the Oil Marketing Company's (OMC) margin.

According to a summary sent by the Petroleum Division to the Economic Coordination Committee (ECC) on Wednesday, it has also been proposed to increase the dealers' margin 58 paisas.

Moreover, the margin of dealers and oil marketing companies will also be increased on high-speed diesel.

As per details, the OMC margin on per litre petrol will be increased to Rs3.26 from Rs 2.81, while the dealer's margin on petrol will raised to Rs 4.28 from Rs 3.70 per litre.

On the other hand, OMC's margin on diesel will be increased to Rs 3.28 from Rs 2.81 per litre, while dealer's margin on high-speed diesel has been proposed to increase to Rs 3.12 from Rs 3.62 per litre.