Karachi: The federal government has agreed to increase the petroleum dealers margin on petrol and diesel in four equal fortnightly hikes. According to details, a hike of 41 paise per litre (total Rs1.64) will be effective on the margin of petroleum dealers from September 1, 2023.
A detailed discussion took place between the Oil and Gas Regulatory Authority chairman, Oil DG and the managing director of PSO. Pakistan Petroleum Dealers Association (PPDA) Chairman Abdul Sami Khan briefed that PPDA mutually agreed on the revision in margins.
The proposed hike would be submitted to authorities concerned for implementation. Currently, dealers are getting a margin of Rs 6 per litre on petrol and diesel. After the new agreement, the petroleum dealers margin would increase to Rs 7.64 per litre in September.
Earlier, the PPDA threatened to go on a nationwide strike from July 22 if the demand to increase margin was not approved. The call for strike got deferred after the petroleum authorities had successful negotiations with the Minister of State for Petroleum.
The petroleum division unveiled that initially, the dealers demanded to increase the margin to Rs 11 per litre with an increase of Rs 5 per litre. However, it was ultimately agreed to determine the margin based on actual data acceptable to all stakeholders & authorities.