In a unanimous decision on Thursday, the Pakistan Petroleum Dealers Association (PPDA) resolved to call off the nationwide petrol strike.
According to sources with knowledge of the situation, a rise in the petroleum dealers’ profit of Rs0.99 is expected soon. Officials from the Petroleum Division have stated that a summary requesting a boost of Rs0.99, or a 25 percent increase in the margin, has been submitted.
The government-guaranteed the gasoline dealers that the profits will be reviewed every six months by the government.
On Twitter, Fawad Chaudhry, the Federal Minister for Information and Broadcasting, confirmed the news that had been reported.
The PPDA had stated on Wednesday that they would go on a nationwide strike starting today (November 25) to express their dissatisfaction with what they call “poor profit margins.”
In a statement, the association stated that it will not engage in discussions with authorities until their profit margins on the sale of petroleum products are enhanced by 6 percent.
As previously announced by the ministry of energy and petroleum, the clearance for an increase in the margins of oil marketing companies (OMCs) had been sent to the Economic Coordination Committee (ECC) earlier today, according to the spokeswoman.
According to him, “in the past, the dealers’ margin has increased by Rs0.20,” and this time around, a request for a rise of Rs0.99 has been made, which will “balance all past losses sustained by the dealers.”