Pakistan Petroleum Dealers Association (PPDA), while strongly opposing the government’s move of deregulation of oil prices, has termed the decision unilateral and claimed that it will result in an increase in fuel prices, significant rise in adulterated oil and double the smuggling of Iranian fuel.
“Pakistan Petroleum Dealers Association (PPDA) is the representative body of 15000 petrol pumps, however it was not taken on board by the government on the oil prices deregulation policy,” said Pakistan Petroleum Dealers Association (PPDA) in a letter written to the Federal Minister for Petroleum Musadik Malik here. It is noteworthy that the Federal Minister for Petroleum Musadik Malik has announced that the government is introducing a policy to deregulate fuel prices, allowing oil marketing companies (OMCs) to sell fuel at competitive rates to increase their market share. OMCs will also be allowed to set competitive prices and sell petrol and diesel below the government’s announced rates, the minister said.
