The Pakistan Petroleum Dealers Association (PPDA) on Sunday announced that it will be going on a nationwide strike as of July 18, shutting down petrol stations all over the country, in the wake of rising oil prices. The PPDA chairman Abdul Sami Khan, in a statement, said that it was not possible to continue petroleum sales at the current rate. He announced that petrol pumps will remain closed following July 18 until the margin on petroleum products is increased. The officials lamented that the current margin of 3.5 per cent was not sustainable. Earlier, the government had been charging zero petroleum levy and general sales tax on petroleum products to absorb the impact of the hike in global oil prices and depreciation of the rupee against the dollar.

Source: The Express Tribune July 03, 2022 19:08 UTC