Petroleum dealers call off planned strike as govt approves margin revision
The Pakistan Petroleum Dealers’ Association (PPDA) on Friday called off its plans to begin a strike on Saturday after the government approved a proposed revision in the dealers’ margins. The nod for the revision was also confirmed by the finance ministry in a statement, which did not specify the amount. The Economic Coordination Committee had “deliberated on the matter regarding revision of…
The Pakistan Petroleum Dealers’ Association (PPDA) has called off its planned strike after the government approved a revision in the dealers' margins, according to a statement from the finance ministry. The finance ministry confirmed the decision during a meeting chaired by Finance Minister Muhammad Aurangzeb, though the exact amount of the revision was not specified.
The Economic Coordination Committee had previously discussed the matter during a meeting, leading to the approval of the margin revision. The PPDA had demanded an eight percent increase in the margin, currently set at Rs8.64 per litre, but the government increased it by Rs1.34 per litre, bringing the total to Rs10 per litre. PPDA Chairman Malik Khuda Bakhsh revealed that the prime minister had approved the increase following a contact with him.
The PPDA had threatened the strike, citing a three-year demand for an increase and an outstanding amount of approximately US$50 million owed to petroleum dealers.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
