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Petroleum Dealers to Strike Nationwide on July 5

Petroleum Dealers to Strike Nationwide on July 5

The Pakistan Petroleum Dealers Association (PPDA) has declared a countrywide strike on July 5 in response to the government’s decision to impose a 0.5% advance tax.

Potential Talks with Government

PPDA chairman Abdul Sami Khan mentioned that discussions with the government are scheduled for Monday in Islamabad. If these talks fail, petrol pumps across Pakistan will shut down as planned.

Read more: Price Of Petrol In Pakistan Has Risen by Rs7.45 Per Litre

Concerns Over Advance Turnover Tax

Khan expressed concerns about the advance turnover tax, stating that the strike could extend beyond one day if necessary. He urged the government to withdraw the tax immediately, emphasizing that it makes it impossible for petrol dealers to sustain their businesses.

Recent Fuel Price Hike

The federal government recently increased petrol prices by Rs 7.45 per litre, setting the new price at Rs 265.61 per litre, up from Rs 258.16. This move has added to the financial burden on the inflation-hit public. High-speed diesel (HSD) prices have also risen by Rs 9.56 per litre, reaching Rs 277.45 per litre from the previous Rs 267.89.

Proposed Increases in Petroleum Levy

The Pakistan Muslim League-Nawaz (PML-N) led federal government has proposed a 33% increase in the petroleum levy on petroleum products. Additionally, the proposal includes a 50% increase in the levy on high-octane, light diesel, and ethanol, with Rs 50 to be charged per litre on these products after approval.