After the announcement of Protest of the Pakistan Petrol Pump Dealers Association several petrol pumps of the city were seen closed in the city, however the partial supply of petrol remained continued on Thursday.
Petrol pumps were to stop the supply of petrol to the citizens after 6 am in protest. Petrol supply was cut off at PSO petrol pump on Empress Road. The Hus Mart petrol pump on Empress Road was closed with a tent.
Keeping in view that above said situation the government has decided to raise the margin of profit of the petroleum dealers after their countrywide strike.
In its summary, the petroleum division has suggested raising the profit margin of the Oil Manufacturing Companies (OMCs) by 71 paisas per litre on petrol and high-speed diesel. It has also been recommended to hike the OMCs’ profit margin from Rs2.97 to Rs3.68.
Sources said there is 99 paisas per litre increase in the dealers’ margin on petrol. On high-speed diesel, it was suggested to raise the OMCs margin by 83 paisas per litre.
According to the suggestion of the petroleum division, the dealers’ margin on petrol could be raised from Rs3.91 to Rs4.90; and on high-speed diesel, the margin could be spiked from Rs3.30 to Rs4.13 per litre. The petroleum division has sent the summary to the Economic Coordination Committee.
On the other hand, the Pakistan Petroleum Dealers Association (PPDA) has demanded an increase in their profit margin by Rs8.75/litre, sources concluded.