Association chairman Malik Khuda Bakhsh said a new summary had been sent to the prime minister, recommending more frequent price reviews following an improvement in the Middle East situation.
Meanwhile, the government has approved an increase in the dealers’ margin on petrol and high-speed diesel.
The Economic Coordination Committee, chaired by Finance Minister Muhammad Aurangzeb, approved an increase of Rs1.34 per litre in the dealers’ margin on both petrol and diesel. The move will add around Rs2.68 per litre to the prices of the two products.
Following the increase, the dealers’ margin will rise from Rs8.64 to Rs9.98 per litre for both petrol and diesel.