The Petrol Dealers Association has decided not to go on strike across Pakistan starting tomorrow. The decision came after a meeting between the association’s delegation and Petroleum Minister Musadik Malik. Following the discussions, the dealers withdrew their strike plan.
The association confirmed that there would be no change in the profit margin for petrol pump dealers. The meeting was also attended by the Chairman of OGRA and officials from the Petroleum Division. Meanwhile, petroleum dealers strongly opposed the government’s proposal to deregulate fuel prices.
Read more: OGRA and FBR Launch Rahguzar App to Assist Consumers Locate Petrol Pumps
Sources revealed that the input of the Dealers Association will be fully considered in the deregulation process. The association had previously expressed concerns that deregulation could increase the sale of smuggled Iranian oil and non-standard fuel in Pakistan. They also argued that deregulation would affect billions of rupees in investments made by petroleum dealers.
Federal Minister Musadik Malik also addressed reports about the sale of 15% of Reko Diq shares to Saudi Arabia. He denied these reports, stating that the federal cabinet has not approved the sale and that no deal has been finalised. However, he confirmed that talks with Saudi Arabia are ongoing in a positive manner.
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