![]() The dealers had threatened to go on countrywide strike with effect from November 5 in protest against the government’s dilly-dallying on increase in their margins. The OMCs and petroleum dealers have been seeking increase in their sales and distribution margins by around 50pc to the premise of increase in the costs of doing business and inflation. This is based on the advice of state-owned Pakistan Institute of Development Economics (Pide) but a final decision is expected to be taken by the Cabinet Committee on Energy (CCOE) or the Economic Coordination Committee (ECC) of the Cabinet next week. ![]() ISLAMABAD: The government is considering complete deregulation of profit margins of petroleum dealers and oil marketing companies (OMCs) with upper caps and initial increase of 15-20 per cent.
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