Petrol Pumps to shut down across Pakistan
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The interim government has hiked the petrol levy by Rs5 per liter, setting it at Rs60 per liter. The high-speed diesel levy remains steady at Rs50 per liter, with no sales tax applied to either petrol or diesel. Under the agreement made with the IMF, the previous administration had committed to raising the petroleum levy to Rs60 per liter.
Meanwhile, petroleum dealers in Pakistan are threatening to shut down filling stations nationwide to protest the lack of an increase in their profit margins.
This decision comes after the government failed to fulfill its promise of boosting their profits, leaving them unsatisfied with the current situation. Abdul Sami Khan, Chairman of the Pakistan Petroleum Dealers Association, expressed frustration over the government's failure to enhance their profit margins, noting that the September 1 deadline has passed. Sami Khan highlighted that there was a written agreement between the government and his association, but unfortunately, the government has not delivered on increasing the profit margins.
He emphasized that they cannot sustain filling stations with the current dealer margin due to a significant rise in expenditures.
