ISLAMABAD: The Economic Coordination Committee (ECC) is poised to approve a crushing profit margin hike for Oil Marketing Companies (OMCs) and petroleum dealers, potentially jacking up petrol/diesel prices by Rs2.40/litre and hammering already crushed consumers. Sources reveal the Tuesday, December 9 ECC meeting will dissect an 11-point bomb, with the margin boost from Rs1.10 to Rs1.28/litre topping the agenda — OMCs at Rs7.87, dealers Rs8.64 now, total Rs16.51/litre. The summary promises to fund digitization and pump costs, but experts warn it’ll explode retail prices nationwide. ECC nod sends it to Cabinet for rubber stamp. Power gets a jolt too: Iran electricity deal, FY26 Circular Debt Plan, Rs1.28B Digital Authority grant, chloroform import ban, Gift Scheme vehicle tweaks, Rs5B housing subsidies, PASCO dissolution, PIA Holding budget. Millions watch as fuel, power, and spending decisions could rip through wallets.
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