Wednesday, February 21, 2024

‘No need to panic’: Fuel companies to operate petrol pump, says minister

The next meeting of the Economic Coordination Committee (ECC) will deliberate on the profit margin asked by petroleum dealers on fuel pricing, according to Federal Minister of Energy Hammad Azhar.

He stated that the government is in contact with the Petroleum Dealers Association, and that a summary targeted at revising the petroleum dealers’ margin on fuel prices has already been presented to the ECC. In response to the petroleum dealers’ request for a strike, a spokesman for the petroleum division said the ministry is committed to a reasonable rise in the margins of oil marketing businesses and dealers.

“Within 10 days, the federal cabinet is likely to decide on a margin,” it stated.

Related Articles

Latest Articles