Petroleum dealers call off planned strike as govt approves margin revision

The Pakistan Petroleum Dealers’ Association (PPDA) on Friday called off its plans to begin a strike on Saturday after the government approved a proposed revision in the dealers’ margins. The nod for the revision was also confirmed by the finance ministry in a statement, which did not specify the amount. The Economic Coordination Committee had “deliberated on the matter regarding revision of dealers’ margins on motor spirit and high-speed diesel” during a meeting chaired by Finance Minister Muhammad Aurangzeb, the statement said, adding that a revision of the margin had been approved. Meanwhile, the PPDA said the government had increased the petroleum dealers’ margin by Rs1.34 per litre,…