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 dealers’ margins on motor spirit and high-speed diesel” during a meeting chaired by Finance Minister Muhammad Aurangzeb, the statement said, adding that a revision of the margin had been approved.

Meanwhile, the PPDA said the government had increased the petroleum dealers’ margin by Rs1.34 per litre, bringing the total margin to Rs10 per litre.

The PPDA had threatened the strike, demanding an eight per cent increase in the petroleum dealers’ margin. Currently, the dealers’ margins are Rs8.64 per litre.

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