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Petroleum Act Amendments: Dealer Concerns | Business News - News Directory 3

Petroleum Act Amendments: Dealer Concerns | Business News

May 25, 2025 Catherine Williams Business
News Context
At a glance
  • Potential shutdown could disrupt petroleum supply, impacting consumers and the economy.
  • The Pakistan⁤ Petroleum Dealers Association (PPDA) is threatening too shut down petrol pumps if⁢ the government ⁣fails to address⁣ their concerns regarding amendments ⁢to the Petroleum ⁢Act of...
  • Khan stated that the amendment grants assistant and deputy commissioners unchecked authority to inspect and seal petrol pumps, which he believes⁤ will foster corruption.
Original source: dawn.com

Pakistan’s petroleum⁣ dealers threaten a shutdown over the Petroleum Act⁤ amendment. The Pakistan Petroleum ⁤Dealers Association (PPDA) is fighting proposed changes granting authorities unchecked pump inspection powers, which they fear will lead to ⁢corruption.‍ Concerns also include‍ the impact of illegal petrol stations and petroleum smuggling on legitimate ⁤businesses. The PPDA met with ogra and seeks a meeting with the ‍petroleum minister.For breaking news surrounding this story, visit News Directory 3. Discover what’s next as ⁢the PPDA and the ministry meet.

Key Points

Table of Contents

    • Key Points
  • Pakistan Petroleum Dealers Threaten Shutdown Over Act Amendment
    • Why it matters
    • Timeline
    • What’s next
    • Further reading
  • PPDA concerned⁣ about Petroleum Act amendment.
  • Smuggling of petroleum ‍products remains a threat.
  • Illegal petrol‍ pumps need immediate action.
  • Meeting‍ held with Ogra chairman.
  • PPDA seeks meeting with petroleum⁣ minister.
  • Shutdown threatened ‍if demands unmet.

Pakistan Petroleum Dealers Threaten Shutdown Over Act Amendment

Updated May 25, 2025

Why it matters

Potential shutdown could disrupt petroleum supply, impacting consumers and the economy.

Timeline

  1. 1934 — Petroleum Act established.
  2. May ⁢25, 2025 — PPDA expresses concerns ⁢over amendment.

The Pakistan⁤ Petroleum Dealers Association (PPDA) is threatening too shut down petrol pumps if⁢ the government ⁣fails to address⁣ their concerns regarding amendments ⁢to the Petroleum ⁢Act of 1934, the smuggling of petroleum products, and the proliferation of ⁤illegal petrol stations.Abdul Sami Khan,PPDA chairman,voiced⁢ these concerns at a press ‍conference Saturday at the Karachi Press Club.

Khan stated that the amendment grants assistant and deputy commissioners unchecked authority to inspect and seal petrol pumps, which he believes⁤ will foster corruption. He characterized this as a essential shift endangering the petroleum sector’s operational freedom and sustainability. The PPDA is worried⁣ about the impact of illegal petrol pumps and⁤ petroleum smuggling on legitimate businesses.

Prior to the press conference, the PPDA met with oil and Gas Regulatory Authority ⁢(Ogra) Chairman⁣ Masroor Khan to discuss the proposed amendments, revision of dealer commissions, deregulation of petroleum pricing, and the smuggling of Iranian petroleum products. The PPDA ⁢has requested⁤ an urgent meeting with the federal petroleum minister.

“In case our demands are not met, we have no other choice ⁣but to close down pumps till our demands are ⁤met,” Abdul Sami Khan, PPDA chairman saeid.

What’s next

A four to five-member PPDA delegation is scheduled to⁢ meet ⁢with the petroleum ⁣minister⁤ on Monday to ⁤discuss these issues. The association will determine its next steps based on the outcome of that meeting.

Further reading

  • Amendment to the Petroleum Act‍ 1934

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