Petroleum dealers postpone walkout in light of Middle East dispute
KARACHI: Petroleum dealers announced on Wednesday that they were postponing a walkout they planned to begin on Public demonstration 26, keeping in
An illustrative image related to: Petroleum dealers postpone walkout in light of Middle East dispute, highlighting key aspects of the story. | Image source: Dawn.com
Petroleum dealers postpone walkout in light of Middle East dispute
KARACHI: Petroleum dealers announced on Wednesday that they were postponing a walkout they planned to begin on Public demonstration 26, keeping in view the condition resulting from the ongoing Middle East dispute, which has given rise to a global energy crunch and provision uncertainties.
Pakistan Petroleum Dealers Association (PPDA) Chairperson Abdul Sami Khan informed Dawn that “we have postponed the walkout, keeping in view the hardships consumers will face if the conflict escalates and leads to a provision chain crisis of petroleum products”.
Asked if the PPDA would call a walkout in the near future, he stated, “I cannot confirm right now as the condition is highly volatile.”
The association had announced the walkout on Public demonstration 13 and given the province until Public demonstration 26 to revise the petroleum dealers’ margin from 2.59 per cent to 8pc in the wake of a Rs55 per litre hike in diesel and petrol rates.
The ruling to raise the prices was announced on Public demonstration 6 as Pakistan felt the first direct economic impacts of the US-Israel conflict on Iran in a big way.
The PPDA chairperson stated that the Economic Coordination Panel (ECC) had recommended an rise in dealers’ margin on petrol and diesel, before the Rs55 per litre hike. But, he asserted, the premier had suspended the carrying out, and the margin remained unchanged even after the price hike.
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