Pakistan, Aug. 14 -- The Economic Coordination Committee has approved a Rs1.34 per litre increase in dealer margins on petrol and diesel. The decision raises the existing margins for fuel dealers.

According to sources, the ECC approved the increase during its meeting in Islamabad. The decision applies to both petrol and diesel dealer margins.

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Following the approval, dealer margins will rise from Rs8.64 to Rs9.98 per litre. The increase fulfills a longstanding demand from petroleum dealers.

All Pakistan Petrol Pumps Owners Association Vice Chairman Nauman Butt welcomed the decision. He thanked Prime Minister Shehbaz Sharif and the petroleum minister for approving the increa...