Rawalpindi:
Representatives of Pakistan Petroleum Dealers Association rejected the proposed deregulation of the fuel market, warning that such a decision would result in a significant increase in the prices of Karachi essence to the Northern Regions.
They suggested that instead of deregulation, the government should suppress oil withdrawal, which could reduce fuel prices to Rs60 per liter.
At a press conference, the coordinator of the president of the association of oil concessionaires, Raja Waseem, said that they were open to negotiations with the government but have not yet received an answer to their concerns.
“The whole problem revolves around the margin of inner equalization of freight, and oil marketing companies increase their profits by directly exploiting fuel stations,” he said.
Waseem pointed out that attempts at past deregulation had been faced with the Resistance, especially in Khyber Pakhtunkhwa, and warned that it could lead to the cartelist, as seen in the cement and sugar industries.
He also stressed that Iranian smuggling fuel disrupts the market, falsified and mixed fuel being sold to higher profits, which makes legal companies to survive.
