Govt rejects petroleum dealers’ monthly pricing demand
https://www.dawn.com/news/2022658
On Wednesday, Petroleum Minister Ali Pervaiz Malik rejected the monthly pricing demand from petroleum dealers, affirming the government's commitment to the current daily price-fixing system. A delegation led by PPDA Chairman Malik Khuda Bakhsh met with the minister in Islamabad for a brief 20-minute discussion, as the prime minister had summoned him.
Subsequent talks with senior government officials lasted five hours without reaching a resolution. The delegation had pressed Malik to honor his promise that their demands would be approved within 15 days, but the minister attributed this to the prime minister's authority over such decisions. However, he did assure the delegation that the Rs1.34 per litre increase in dealers' margins, pending for two years, had been forwarded to the Economic Coordination Committee for Federal Cabinet approval.
Currently, dealers' margins are Rs8.64 per litre, which after various expenses, result in a net margin of Rs2.20 per litre. The association plans to convene a 30-member Executive Committee meeting in Karachi on Friday to evaluate the negotiations and decide on a potential nationwide shutdown of petroleum pumps starting August 15.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
