ISLAMABAD, Jul 20 (APP):The Pakistan Petroleum Dealers Association (PPDA) on Monday commended the Ministry of Petroleum for ensuring uninterrupted fuel supplies across the country despite regional uncertainties. A PPDA delegation, led by Chief Adviser Malik Khuda Baksh, met Federal Minister for Petroleum Ali Pervaiz Malik and appreciated the government's effective management of petroleum product supplies during the challenges arising from the Strait of Hormuz crisis. The meeting also discussed petroleum …
PPDA lauds govt for ensuring uninterrupted fuel supplies
ISLAMABAD, Jul 20 (APP):The Pakistan Petroleum Dealers Association (PPDA) on Monday commended the Ministry of Petroleum for ensuring uninterrupted fuel supplies across the country despite regional uncertainties.
A PPDA delegation, led by Chief Adviser Malik Khuda Baksh, met Federal Minister for Petroleum Ali Pervaiz Malik and appreciated the government’s effective management of petroleum product supplies during the challenges arising from the Strait of Hormuz crisis.
The meeting also discussed petroleum pricing reforms, deregulation, and issues concerning petroleum dealers.
PPDA Chief Adviser Malik Khuda Baksh said that while several neighbouring countries experienced law and order problems due to petroleum shortages, Pakistan successfully maintained uninterrupted fuel supplies through timely and effective government measures.
He assured the minister of the association’s full support for the government’s policy.
The minister briefed the delegation on the transition from weekly to daily petroleum price announcements, explaining that the new mechanism would be based on a seven-day rolling average of international prices.
He said the previous weekly pricing mechanism was also based on a seven-day average and that the new system would update prices daily to enhance transparency, reduce market distortions and better reflect international price movements.
The PPDA expressed its support for the proposed mechanism.
Ali Pervaiz Malik said the government was moving towards a market-driven pricing system to promote transparency and protect consumers.
He said periodic price announcements had increasingly become occasions for market manipulation and hoarding, creating unnecessary distortions.
The shift to daily pricing based on a seven-day rolling average, he added, would discourage such practices while ensuring a smoother and more transparent pricing regime.
The PPDA delegation requested that petroleum dealers be consulted during the formulation of rules and operational modalities governing relations between oil marketing companies (OMCs) and dealers.
The minister assured the delegation that their views would be duly considered.
The delegation also raised the issue of dealers’ margins, which have yet to be revised, and requested that they be increased to 8 per cent.
The minister assured the delegation that progress would be made on the matter and arranged a meeting between PPDA representatives and the Oil and Gas
Regulatory Authority (OGRA) on Tuesday to discuss the issue and other concerns in detail.
Ali Pervaiz Malik thanked the PPDA leadership for its constructive engagement and support for the government’s reform agenda.
He reaffirmed the government’s commitment to working closely with all stakeholders to build a transparent, competitive and consumer-friendly petroleum market while safeguarding the public interest.
The PPDA delegation comprised Chief Adviser Malik Khuda Baksh, Raja Waseem Kayani, Chaudhry Zafar Elahi, Babar Ali Chaudhary and Chaudhry Faisal Arif.
