There were fears that the petroleum dealers, most of whom were corrupt and involved in fuel hoarding, would not pass on the full benefit of cross-subsidy to the motorbike owners and demand higher prices. PHOTO: afp
The government and the Petroleum Dealers Association have reached a successful agreement, leading the association to call off its planned strike.
According to Express News, the Petroleum Dealers Association announced that negotiations with the Secretary of Petroleum were successful. The federal minister assured the dealers that deregulation would not affect their margins.
The association further stated that the federal minister had committed to taking action against the smuggling of Iranian oil. Discussions will be held with law enforcement agencies to address the issue.
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