ISLAMABAD: The Pakistan Petroleum Dealers Association (PPDA) has called off its planned nationwide strike after claiming that the federal government agreed to suspend the proposed daily adjustment mechanism for petroleum prices.
Following the announcement, fuel stations across the country resumed normal operations, avoiding the 15-day shutdown that dealers had earlier threatened.
PPDA President Humayun Khan said the government had assured dealers that the policy of revising fuel prices every day would be put on hold while consultations continue. He added that authorities had also committed to issuing a proposal on dealers’ profit margins within the next 15 days.
“We appreciate the government’s willingness to address our concerns,” Khan said, explaining that the association decided to withdraw its protest after receiving assurances that its demands would be reviewed.
The dealers had previously opposed the government’s plan to introduce daily revisions in petrol and diesel prices, warning that the system would create operational and financial challenges for fuel retailers.
Despite the reported agreement, the Oil and Gas Regulatory Authority (OGRA) on Thursday announced another increase in fuel prices, marking the fourth straight daily revision. According to the latest notification, the price of petrol rose by Rs4.40 per litre to Rs331.52, while high-speed diesel became costlier by Rs3.62 per litre, reaching Rs378.66 per litre.
Separately, Jamaat-e-Islami Emir Hafiz Naeemur Rehman criticized the government’s move to implement daily fuel price adjustments and announced a nationwide protest campaign beginning on August 7.
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