KARACHI: The Pakistan Petroleum Dealers Association (PPDA) announced the postponement of the nationwide strike after receiving assurances regarding an increase in their profit margin.
According to Chairman Malik Khuda Bakhsh, the Petroleum Minister assured a profit margin increase of PKR 1.34 per liter with the Prime Minister’s special approval, which will raise the dealer’s per-liter petrol margin to PKR 10.
Additionally, an Economic Coordination Committee (ECC) meeting was called following the Minister’s intervention, and a special committee is being formed to abolish the quota system implemented by oil marketing companies.
Vice Chairman Tariq Hasan stated that the government has targeted the complete digitalization of all petrol pumps by March 23, 2027.
Dealers had initially demanded an 8 percent increase in profit margins, though inflation metrics suggested an organic increase of 4 to 5 percent.
Furthermore, the Ministry of Petroleum has submitted a summary to the Prime Minister proposing a shift from daily petroleum price updates to a seven-day cycle, with the government holding 50 million dollars allocated for dealers’ three-year inflation adjustments.
Final implementation remains subject to approval by the ECC and cabinet.
