Expensive Petrol: ECC Approves 10% Commission Increase for Fuel Pump Owners

The Economic Coordination Committee (ECC) today approved a proposal to revise the margins of OMCs and petroleum dealers on MS and HSD, adjusting them in line with the National CPI for 2023–24 and 2024–25, with increases capped between 5 and 10 percent. Half of the increase will be paid immediately, while the remaining half will depend on digitization progress. The Petroleum Division is required to report back by June 1, 2026. Sources said petrol and diesel prices will rise by Rs. 2.56 per liter, with Rs. 1.28 per liter applied immediately. The OMC margin on petrol will increase by Rs. 1.22 per liter, while dealer commission on diesel will go up by Rs. 1.34 per liter. On the Circular Debt Management Plan for FY 2025–26, the ECC directed the Power Division, in coordination with the Finance Division, to develop a medium-term plan to gradually reduce fiscal support and establish a follow-up mechanism with DISCOs to ensure delivery of committed targets. The ECC also approved amendments to the vehicle import procedure, retaining only the Transfer of Residence and Gift schemes. Commercial-import safety and environmental standards will now apply, the intervening import period will extend from two to three years, and imported vehicles will remain non-transferable for one year. Other key decisions include: The meeting was attended by Federal Ministers for Petroleum, Power, and Investment Board, along with federal secretaries and senior officials from the concerned ministries, divisions, and regulatory bodies.