{"id":365053,"date":"2023-10-31T04:32:29","date_gmt":"2023-10-30T23:32:29","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=365053"},"modified":"2023-10-31T04:32:29","modified_gmt":"2023-10-30T23:32:29","slug":"oil-dealers-omc-margins-likely-to-be-increased-from-nov-1","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/oil-dealers-omc-margins-likely-to-be-increased-from-nov-1\/","title":{"rendered":"Oil dealers, OMC margins likely to be increased from Nov 1"},"content":{"rendered":"<p>ISLAMABAD<br \/>\nThe Petroleum Ministry has proposed an increase in the dealers and oil marketing companies\u2019 margins from November 1.<br \/>\nAccording to recommendations forwarded by the Petroleum Ministry, the margin of dealers on petroleum products will likely be increased by Rs0.88\/ litre from November 1, while Rs0.47 per litre increase is proposed in the profit margin of oil marketing companies.<br \/>\nThe source said the current OMC profit margin on petrol is Rs7.41 per litre and Rs8.23 per litre is being charged as profit margin by the dealers. Simanatously, Rs.7.41 per litre is being charged on diesel as OMC margin.<br \/>\nMeanwhile, Petroleum prices are expected to \u2018drop\u2019 for the third consecutive fortnight later this week, mainly due to exchange rate gains.<br \/>\nSources said that the price of High-Speed Diesel (HSD) is likely to decrease by about Rs5-6 per litre, falling to less than Rs300 per litre, unless the caretaker government further increases the petroleum levy. On the other hand, petrol would be cheaper by about Rs18 per litre.<br \/>\nThe final decision for the reduction in fuel prices will be taken by the caretaker government tomorrow (October 31).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD The Petroleum Ministry has proposed an increase in the dealers and oil marketing companies\u2019 margins from November 1. According to recommendations forwarded by the Petroleum Ministry, the margin of dealers on petroleum products will likely be increased by Rs0.88\/ litre from November 1, while Rs0.47 per litre increase is proposed in the profit margin [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-365053","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil dealers, OMC margins likely to be increased from Nov 1<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/oil-dealers-omc-margins-likely-to-be-increased-from-nov-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil dealers, OMC margins likely to be increased from Nov 1\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD The Petroleum Ministry has proposed an increase in the dealers and oil marketing companies\u2019 margins from November 1. According to recommendations forwarded by the Petroleum Ministry, the margin of dealers on petroleum products will likely be increased by Rs0.88\/ litre from November 1, while Rs0.47 per litre increase is proposed in the profit margin [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/oil-dealers-omc-margins-likely-to-be-increased-from-nov-1\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T23:32:29+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta 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