Islamabad
Petroleum Dealers Association (PDA) has called off its countrywide strike after several consultative meetings of the Petroleum Division.
The proposal of Petroleum Division to increase petrol by 99 paisa and diesel by 83 paisa has been appreciated by all concerned parties.
According to the Ministry of Energy and Petroleum Division, the strike was called off by the Dealers Association after consultative meetings chaired by Chairman Petroleum Dealers Association (PDA) Abdul Sami khan Sitara Imtaiz.
All the concerned parties appreciated the proposal of Petroleum Division to increase the existing profit of petrol by 99 paisa means Rs3.91 per litter and the existing margin of diesel by 83 paisa means Rs3.30 per litter.
Petroleum Division has assured dealers that it will put all its efforts before the Cabinet’s Economic Co-ordination Committee and the federal Cabinet to defend the proposal of 25 percent increase in current profits.
The Petroleum Division assured the Dealers Association that during 2022, profits will be adjusted to the current level of inflation.
The Dealers Association suggested that in the adjustment to be made in 2022, the profit could be fixed in percentage terms and the Petroleum Division will make every effort to get approval from the competent forum for revision dealers’ margin up to 4.40% percentage.
Petroleum Division assured that every effort would be made to get it approved by the competent forum.
According to the statement, this arrangement of 25% percent increase in profits for the time being and change after 6 months of transition arrangement will ensure the safety and security of dealers’ bussiness without imposing additional burden on the general public.
On this occasion, the two sides agreed to work together for the betterment of the country.
