ECC raises margin of marketing companies, dealers on oil

ISLAMABAD: Economic Coordination Committee (ECC) has decided to raise the margin of Oil Marketing Companies and dealers on petrol and diesel, Geo News reported.

The meeting of ECC, presided over by Finance Minister Salim Mandiwala held here on Tuesday and deliberated on raising the margin and later approved it.

With this raise, margin has been increased to Rs2.23 from Rs0.25 and Rs1.86 from 10 paisa for marketing companies on petrol and diesel respectively.

Meanwhile, the dealers will get Rs.2.74 and Rs2.30 from 41 paisa and 10 paisa on petrol and diesel respectively.

ECC also approved Rs10 billion bank guarantee for PIA. This would be part of bailout package.