The Pakistan Petroleum Dealers Association (PPDA) has welcomed the government’s new daily fuel pricing system and announced its support for the policy.
A PPDA delegation met with Federal Minister for Petroleum, Ali Pervaiz Malik, to discuss fuel pricing reforms and issues facing petroleum dealers, according to a press release issued by the Ministry of Energy (Petroleum Division).
The delegation praised the government for maintaining an uninterrupted fuel supply in Pakistan during the Strait of Hormuz crisis.
Daily Prices to Use Seven-Day Rolling Average
Petroleum Minister Ali Pervaiz Malik said the new daily fuel pricing system would be based on a seven-day rolling average.
According to the minister, daily price revisions would improve transparency and discourage market manipulation, stockpiling, and hoarding.
Dealers Seek Role in New Regulations
The PPDA delegation requested that petroleum dealers be included in the preparation of regulations governing relations between dealers and oil marketing companies.
The minister assured the delegation that dealers’ views would be considered while drafting the new rules.
The association also demanded that dealers’ margins be increased to 8 percent.
Malik said the government would review the demand and added that a meeting between the PPDA and the Oil and Gas Regulatory Authority had been arranged for the following day to discuss dealers’ margins and other issues.
The minister thanked the PPDA leadership for supporting the government’s reform agenda.
He said the government remained committed to developing a transparent, competitive, and consumer-friendly petroleum market.
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