Pakistan Petroleum Dealers Association (PPDA) has called off the nationwide strike after the government agreed to increase their profit margin to 4.4%. Earlier, it was 3.9%. They wanted the government to increase it to 6%.
PPDA Chairman Abdul Sami Khan made the announcement.
However, it is still unclear when the pumps will reopen as the PPDA chairman did not say anything in this regard.
Earlier in the day, it was reported that the federal government and the PPDA have opened channels for talks to end a nationwide strike by petrol pump owners.
Federal Energy Minister Hammad Azhar, who had earlier termed PPDA demand for increasing the dealers’ margin to 6% as “illegitimate”, appeared on SAMAA TV’s show Nadeem Malik Live where he admitted that their profit margin is insufficient.
Earlier, reports suggested that the government had offered to slightly increase dealers profit. In the past, it had offered an increase of 85 paisas on petrol and 60 paisas on diesel. Now it has increased the offer to Re1 on petrol and 70 paisas on diesel.