The Pakistan Petroleum Dealers Association (PPDA) called off their Monday strike after the government agreed to increase their margin by 100%.
After meeting with Dealers Association representative Abdul Sami Khan at the Pakistan State Oil (PSO) Office, State Minister for Petroleum Musadik Malik stated that all issues had been resolved and that all agreed points would be picked to the federal cabinet and implemented once approved by the cabinet.
After fruitful talks with the government, the PPDA’s representative chairman, Abdul Sami Khan, announced that the association’s strike would be called off.
Although the government and PPDA did not disclose the points reached, sources said the government agreed to increase dealer margins by 100 percent from Rs. 3.5 to Rs. 7.
According to the accord, the government would elevate dealers’ margins in two stages: 50% on July 31 and the remainder 50% on August 15, according to the sources.
They stated that, while the government has agreed to boost the dealers’ margins, it has yet to be determined whether the government or the consumers will bear the margin.
It is worth noting that the PPDA dealers’ association announced a strike on Monday by closing down the petrol stations in order to increase margins as the cost of doing business has risen dramatically in recent weeks, making it difficult for them to work smoothly.
To read our blog on “Nationwide petrol pumps will be closed at July 18th due to a strike,” click here.
