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Pakistan petroleum dealers call off strike after government approves margin revision
๐Ÿ‡ต๐Ÿ‡ฐ Pakistan /Economy & Trade

Pakistan petroleum dealers call off strike after government approves margin revision

From Dawn · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Official statement Outcome reported
  • Pakistan's petroleum dealers have called off their planned strike after the government approved a revision of their margins.
  • The finance ministry confirmed the approval, though the exact amount was not specified.
  • Dealers will now receive Rs1.34 per liter increase, bringing their total margin to Rs10 per liter.

The Pakistan Petroleum Dealersโ€™ Association (PPDA) has canceled its planned strike, which was set to begin Saturday, following the government's approval of a revised dealers' margin.

The finance ministry confirmed the decision, stating that the Economic Coordination Committee had discussed and approved the revision for margins on motor spirit and high-speed diesel. While the ministry did not disclose the specific amount, the PPDA announced that the increase amounts to Rs1.34 per liter, raising the total margin to Rs10 per liter.

The PPDA had been demanding an 8% increase in their margin and had issued a 72-hour ultimatum earlier in the week. They warned of an indefinite strike starting Saturday morning if their demands were not met. The association had previously held talks with the petroleum minister, who assured them that a pending increase had been sent for approval.

DistantNews Editorial

Originally published by Dawn in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.