Talks with Petroleum Division: Petroleum Dealers’ Association called off its strike

Islamabad (PNI) In the background of revision of margins of petroleum products, multiple consultation sessions were held with Pakistan Petroleum Dealers Association led by Abdul Sami Khan Sitara-e- Imtiaz Chairman Pakistan Dealer’s Association. Resultantly, the Dealers’ Association has called off its strike.
2. All stakeholders appreciated Petroleum Division’s proposal for enhancement of 99 paisas in the existing margin of Petrol i.e., PKR 3.91/liter and 83 paisas in the existing margin of HSD i.e., PKR 3.30/liter. The proposal for 25% increase in the margin of dealers will cover all delays in the revision of margin in the past and would also help dealers in mitigating the impact of inflation. Petroleum Division has assured that it will put all its endeavors to defend the said proposal of 25% increase in the existing margin before the Economic Coordination Committee of the Cabinet and the Federal Cabinet so that this historic relief to the Petroleum Dealers in the shape of sizeable enhancement in their margins becomes a reality.
3. All parties clearly understand that passing on the extra costs to the general public/ consumers of petroleum products is not viable. However, Petroleum Division assured the Dealers Association that after 6 months (during June, 2022) margins will be readjusted according to the level of inflation prevalent at the time. The Dealers Association suggested that in the subsequent adjustment (during June, 2022) the margins may be fixed in percentage terms and Petroleum Division will put its best efforts to obtain approval of the competent forum, for revision of dealers’ margin up to 4.40 percent of the selling price excluding dealers’ margin. While agreeing with the proposal of Dealers Association in principle, the PD will make best efforts to get it approved through the Competent forum.
4. This arrangement of enhancing margin presently by 25% and subsequent readjustment after 6 months will ensure safety and security of the business of the Petroleum Dealers without passing the extra burden to the general public. Both parties agreed to work mutually for the betterment of the country.