Petroleum Dealers Announce Nationwide Strike on July 5 Over Advance Tax

The Pakistan Petroleum Dealers Association (PPDA) has announced a nationwide strike on July 5 in protest against the government’s imposition of a 0.5% advance tax. PPDA chairman Abdul Sami Khan stated that discussions with the government are scheduled for Monday in Islamabad.

If these talks fail to yield a satisfactory outcome, petrol stations nationwide will close as planned. Khan expressed serious concerns about the advance turnover tax, cautioning that the strike could extend beyond a single day if necessary.

He urged the government to immediately revoke the tax to prevent significant disruptions to petrol dealers’ businesses.

In other developments, the federal government recently raised the price of petrol by Rs 7.45 per litre, setting the new rate at Rs 265.61 per litre, up from Rs 258.16 per litre.

This increase adds further strain to the public already burdened by inflation. The price of high-speed diesel (HSD) has also risen by Rs 9.56, now costing Rs 277.45 per litre.

Moreover, the Pakistan Muslim League-Nawaz (PML-N) government has proposed a substantial 33% increase in the petroleum levy on petroleum products. They have also suggested a 50% hike in the levy on high-octane, light diesel, and ethanol, potentially adding an additional Rs 50 per litre for these fuels if approved.

These changes have sparked widespread concern among the public and business community, grappling with escalating costs. The PPDA’s planned strike underscores growing dissatisfaction and emphasizes the government’s urgent need to address the financial pressures affecting both consumers and petrol dealers.

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