The Pakistan Petroleum Dealers Association (PPDA) has called off a countrywide petrol strike after successful talks between the Ministry of Energy and the association.
The government has agreed to increase the margin by Rs0.99 paisa and assured the petroleum dealers that the profits will be reviewed every six months.
In a tweet, the Minister of Energy Hammad Azhar announced, “The talks between the Govt and petroleum dealers association has led to the strike being called off. The government will notify 0.99 paisa increase in their margins after due approval from the cabinet as per the existing summary. After 6 months we will move to percentage system up to 4.4 per cent margin.”
Petroleum Division officials said that a summary seeking a raise of Rs0.99 or 25 per cent increase in the margin has been sent, reports Geo News.
According to the notification by PPDA, the margin for the petrol dealers after the suggested increase will rise to Rs4.90, while for the high-speed diesel, the margin will rise to Rs4.13 after the proposed hike of Rs0.83.
On Wednesday, the association went on a strike which caused the closing of several petrol pumps across the country.
