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ECC to approve hike in OMCs’ margins Considers proposal to allow interim increase of 6.5% on sale of petroleum products Committee had recommended increase in margins of petrol and diesel by Rs0.19 per litre to Rs3 per litre each for OMCs. PHOTO: FILE ISLAMABAD: The Economic Coordination Committee (ECC) is likely to allow interim increase in margins of oil marketing companies (OMCs) by 6.5% on sale of petroleum products. Earlier, the ECC had considered a proposal to hike margins of OMCs. However, it had constituted a committee to analyse and examine the margins historically before taking any decision. The economic decision making body was informed that a study was not conducted by Pakistan Institute of Development Economics (PIDE) as the Oil and Gas Regulatory Authority (Ogra) and Planning Commission were not ready to bear the expenses.

South africaKwazulu natalSouth africanPetroleum divisionPakistan institute of development economicsPlanning commissionMinistry of maritime affairsPakistan bureau of statisticsMinistry of housing works authorityEconomic coordination committeeMinistry of housingGas regulatory authority ograPakistan national shipping corporationPakistan instituteDevelopment economicsGas regulatory authority