ISLAMABAD: Pakistan Petroleum Dealers Association (PPDA) called off their nationwide strike on Thursday after successful negotiations with the federal government over an increase in their profit margin, ARY News reported.
According to sources, talks between petroleum division and petrol dealers’ remained successful after the federal government agreed over increasing their profit margin by Rs0.99 per litre.
The government and the association’s leader, Abdul Sami Khan, reached a consensus following a full day of talks. Shaukat Tarin, the prime minister’s financial advisor, Energy Minister Hammad Azhar, and Petroleum Secretary Dr. Arshad Mahmood comprised the government team.
Association spokesman Jahanzaib Malik confirmed the cancellation of the gasoline dealers’ statewide walkout in an interview with Dawn. He said that although they had initially desired a six percent rise, the government has now consented to a 4.4 percent increase in their profit margin.
According to Malik, gas stations used to charge Rs3.91 per liter but were now going to charge Rs4.90. He declared that once the government released the rates for the upcoming month, the price of gasoline will rise.
He added that the government had promised to reassess the profit margin after a certain amount of time, and that the arrangement will go into effect starting next month.
Fawad Chaudhry, the minister of information, tweeted about the news as well.
Also Read: Government employees receive salaries before Eid ul Adha
