MS, HSD: ECC Approves Increase in Dealers’ Margin
The association said the government will raise dealers’ margin to Rs10 per litre and review pricing rules after talks with the petroleum minister.
- On Friday, the Pakistan Petroleum Dealers Association postponed its planned nationwide strike after the government assured it of an increase in dealers' profit margins on petroleum products.
- PPDA Vice Chairman Tariq Hassan claimed the government withheld inflation-linked adjustments for three years, leaving approximately $50 million in outstanding dealer funds, prompting the association to issue a 72-hour ultimatum on Wednesday.
- Petroleum Minister Ali Pervaiz Malik assured dealers of a Rs1.34 per litre margin increase, raising total margins to Rs10 per litre, which the Economic Coordination Committee approved under Finance Minister Muhammad Aurangzeb.
- While the government rejected calls to end daily fuel price revisions, PPDA Chairman Malik Khuda Bakhsh said it indicated prices may be adjusted every 7 or 15 days instead.
- Meanwhile, All Pakistan Goods Transport Alliance President Malik Shahzad Awan vowed to continue a separate nationwide strike, stating transporters would not accept government assurances and remain committed indefinitely.
11 Articles
11 Articles
MS, HSD: ECC approves increase in dealers’ margin
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved Rs1.34 per litre increase in the margin of petroleum dealers, taking their margin to around Rs10 per litre on Motor Spirit (MS) and High-Speed Diesel (HSD), paving the way for the Pakistan Petroleum Dealers’ Association (PPDA) to call off its planned strike. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired the ECC meeting held at the…
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”…
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
