The rate of petrol was increased to satisfy the dealers

This was the second round of talks between the Minister of State for Petroleum Musadik Malik and Pakistan Petroleum Dealers Association (PPDA) representatives, along with other stakeholders of the oil industry and government departments.

According to sources, petroleum dealers expressed reservations over the proposed increase but gave in at the end of a marathon meeting that lasted several hours.

It was agreed that the dealers’ margin would be increased by 41 paise per liter in each of the next four fortnights instead of a one-time raise. This would raise the oil prices by Rs 1.61 per liter, in addition to the revision, if any, made by the government.