Petrol Strike Averted as Govt Gives in to Dealers
The increase from Rs8.64 to Rs9.98 a litre came after dealers threatened a nationwide strike and the government dropped a digitisation link.
3 Articles
3 Articles
Petrol strike averted as govt gives in to dealers
The government on Friday increased profit margins of petrol pump owners by 15.5% in a hurriedly called virtual meeting to avert a strike, as it withdrew a decision to link profits with sales digitisation, partially rolling back an initiative aimed at checking sales of smuggled fuel. With no member present in the meeting room, the Economic Coordination Committee (ECC) of the Cabinet approved an increase in the dealers' margin on sales of petrol a…
Govt raises petroleum dealers’ margin to Rs9.98 per litre
• PPDA calls off nationwide strike planned from today• Higher margin to take effect from Sept 1 ISLAMABAD: In a move aimed at averting a nationwide strike by petroleum dealers, the Economic Coordination Committee (ECC) of the federal cabinet on Friday approved a 15.5 per cent increase in dealers’ margins on both petrol and high-speed diesel, following which the dealers called off their protest planned from Saturday. The decision raises the deal…
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