The Pakistan Petroleum Dealers Association announced on Thursday that fuel station owners across the country would go on strike on July 22 in an effort to increase their profit margins in the midst of an inflation crisis.
“We will shut down all petrol pumps across Pakistan on July 22, 6 p.m.,” the association, which claims to have more than 10,000 members, announced.
Petrol prices are fluctuating
It issued a statement demanding a rise in the dealership margin, claiming that rising borrowing rates and prices had negatively impacted the operations of business owners. It claimed that revenue dropped by 30% owing to illegal Iranian petroleum.
“around 8,000-9,000 (operators) represented by us, will be shut on July 22,” Abdul Sami Khan, chairman of the association, told Reuters.
After hitting a record high of 38% in May, the South Asian country’s inflation rate dropped to 29.4% in June as the country struggles with a weaker currency and a lengthy period of inflation.
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