Petroleum dealers claim govt agrees to end daily petrol pricing

Following the development, petrol stations across the country resumed operations after the association called off its planned 15-day shutdown. Petroleum Dealers Association President Humayun Khan claimed that the government had agreed to suspend the system of daily changes in petroleum product prices for the time being. He said the government would also issue a summary regarding dealers’ profit margins within 15 days.

“We are thankful to the government for understanding our difficulties,” Humayun Khan said, adding that the strike call was withdrawn after authorities agreed to consider their demands.

Earlier, the Petroleum Dealers Association had announced a nationwide strike after rejecting the government’s decision to introduce daily changes in fuel prices. Meanwhile, the Oil and Gas Regulatory Authority (OGRA) increased petrol and high-speed diesel prices for the fourth consecutive day.

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According to an OGRA notification, petrol prices were increased by Rs4.40 per litre, taking the new price to Rs331.52 per litre. The price of high-speed diesel was also raised by Rs3.62 per litre, bringing it to Rs378.66 per litre.

The latest revision marked the fourth consecutive daily increase in petroleum prices approved by OGRA. Meanwhile, Jamaat-e-Islami (JI) chief Hafiz Naeemur Rehman rejected the government’s decision to revise petroleum prices on a daily basis and announced a nationwide protest campaign on August 7.