Soon after announcing a reduction in the petroleum products prices, the interim government on Sunday approved an increase in the margin of petroleum dealers and oil marketing companies, sources said.

The government has decided to increase the petrol and diesel sale margin by 47 paisas per litre for OMCs. The margin for the sale of petrol will be Rs6.94 per litre for petrol, and Rs7.17 for diesel.

An increase of 44 paisas per litre has been approved for the petrol and diesel dealers. With the increase, the sale margin will now be Rs7.82 per litre for petrol and diesel.

A day earlier, the caretaker government decreased the prices of petrol by Rs8 and diesel by Rs11 respectively, following a fortnightly revision. The new rate of petrol is now Rs323.38 per litre while high speed diesel is available at Rs318.18 per litre.

“In the wake of variations in international prices of petroleum products & improvement in the exchange, the Government of Pakistan has decided to revise the consumer prices of petroleum products,” said the notification.