Pakistan's Oil Marketing Companies Demand Higher Profit Margin Amid Rising Costs

Oil marketing companies in Pakistan have asked the government to increase their profit margin per litre after petroleum dealers also called for higher margins. The Oil Companies Advisory Council (OCAC) has written to the federal petroleum minister, citing rising costs and financial pressure on companies.

The current profit margin for oil marketing companies is Rs7.87 per litre, but OCAC Secretary General Nazir Abbas Zaidi said this needs to be increased by another Rs2.23 per litre. The council believes a larger increase is needed due to the financial problems faced by the companies.

OCAC has urged the government to approve an immediate and reasonable increase in the profit margin, which would help reduce the financial pressure on companies and support a stable supply of petroleum products in the country.