Pakistan may face an increase in petrol and diesel prices as the government considers proposals to raise the profit margins of Oil Marketing Companies (OMCs). The move comes amid rising operational costs and fluctuating global oil prices, prompting authorities to review the existing pricing structure for petroleum products.
The proposed adjustment would allow OMCs to earn higher margins per litre, which could translate into a noticeable uptick in fuel prices for consumers. Officials are reportedly analyzing the impact on inflation and transportation costs before finalizing the decision.
If implemented, the hike could affect logistics, public transport fares, and the cost of goods, as fuel prices directly influence overall economic activity. The government is expected to announce the revised rates after consultations with relevant stakeholders, balancing industry sustainability with consumer affordability.
