ISLAMABAD: Oil and Gas Regulatory Authority(OGRA) has increased margins of Oil Marketing Companies (OMCs) on HSD and Mogas by 28 per cent and for dealers 16 per cent per litre
According to OGRA, it has been advised to determine OMCs and Dealers margin in the light of ECC decision of September 6, 2023 based on PSO’s operating cost.
In compliance of the decision, PSO was advised to provide its operating cost data for review and calculation of margins. Accordingly, after analysis and due deliberations, the proposed PMCs and Dealers margins have been computed for MS and HSD.
The margin on HSD and MS has been increased by Rs 1.35 per litre to Rs 9.22 from existing margin Rs 7.87 whereas Dealers margin has been increased by Rs 1.40 per litre ( 16 per cent) to Rs 10.04 per litre.
The revised margins include an impact of Rs 0.50 / litre for OMCs and Rs 0.25 / litre for Dealers in addition to PSO’s cost data, to facilitate future digitalization/ automation of fuel pumps being undertaken as per the directions of federal government, over a period of three years. FBR, OGRA, Petroleum Division and oil industry are jointly working for implementation of digitalization project.
OGRA has directed that OMCs shall ensure digitalization of pumps at their Dealers’ sites and shall submit monthly report, duly signed by the Chief Executive of the Company for consideration of OGRA, FBR and Petroleum Division.
