Cabinet Halts Hike in Fuel Margins

Cabinet halts hike in fuel margins

PM links commissions and margins to full digitisation of petroleum supply chain.

Cabinet freezes fuel margins, links hike to full digitisation

The federal cabinet has stopped the proposed increase in commissions for petroleum dealers and profit margins for oil marketing companies (OMCs). The decision was taken despite earlier approval by the Economic Coordination Committee (ECC). Sources said the cabinet, chaired by Prime Minister Shehbaz Sharif, has made full digitisation of the petroleum supply chain mandatory before allowing any increase. No additional margin will be given until dig…