KARACHI: After the written agreement between the government and the Petroleum Dealers Association on the increase in the dealers’ margin, the matter of the strike of petroleum dealers across the country was averted, while the senior businessman of the petroleum sector, Malik Khuda Bakhsh, has described the agreement between the government and the dealers as a result of the prudent leadership and positive thinking of the chairman of the association, Abdul Sami Khan. Malik Khuda Bakhsh said that the success in increasing the margin of petroleum dealers was due to the successful long struggle of chairman PPDA Abdul Sami Khan and his excellent leadership thinking.
The government accepted everything of the chairman PPDA as a result of which negotiations between the petroleum dealers and the government on the margin of petroleum products were successful yesterday. It should be noted that the negotiations between the Petroleum Dealers Association, OGRA and Oil Petroleum Division were successful last night, after the approval of the parties, the agreement was written.
The petroleum dealers and government agreement was signed by Chairman Petroleum Dealers Abdul Sami Khan, Chairman OGRA Masroor Khan and DG Oil Ministry of Petroleum Division. After more than 7 hours of long negotiations, the matters were finally settled, the Ministry of Petroleum increased the margin by Rs. 1.64. 1.64, after several hours of resistance from the dealers. The margin hike will be done in 4 steps every 15 days by 41 paisa instead of one time, and the full proposed hike will be available in two months. The margining process will start from September 1, 2023 and will be completed till October 31, 2023.
It should be noted that at present the dealers’ margin per liter is 6 rupees, which will increase to 7.64 rupees per liter in two months, but the petroleum dealers had demanded an increase of 5 rupees to 11 rupees per liter margin on the products.
