Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

BOE holds interest rates at 2023 levels

September 18, 2025

September to remember or calm before the storm? Cramer’s year-end market prediction

September 18, 2025

Surprise vote tally on UK interest rates

September 18, 2025
Facebook X (Twitter) Instagram
Thursday, September 18
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Amendments to Petroleum Act irk dealers – Business
Economist Impact

Amendments to Petroleum Act irk dealers – Business

adminBy adminMay 24, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 123


KARACHI: Pakistan Petroleum Dealers Association (PPDA) Chairman Abdul Sami Khan has expressed serious concerns over the amendment to the Petroleum Act 1934, followed by the rising smuggling of petroleum products and a network of illegal petrol pumps.

Addressing a press conference at the Karachi Press Club (KPC) on Saturday along with PPDA members, he said one of the main amendments relates to granting unchecked authority to the assistant and deputy commissioners to inspect and seal petrol pumps, which would lead to corruption.

He said this is not just a technical revision but a fundamental and alarming shift that endangers the country’s petroleum sector’s operational freedom, sustainability and security.

He warned that this could have far-reaching and damaging consequences for dealers nationwide, adding that the language and the intent of the amendment bill, presented in the National Assembly without taking stakeholders in confidence, are deeply troubling.

Association threatens shutdown if govt fails to meet their demand

He said the ongoing smuggling of petroleum products has remained an unresolved threat to the legitimate petroleum trade.

Mr Sami said the continued operation of illegal petrol stations, especially near the border areas, needs immediate and decisive action from the concerned authorities.

He said before the media talk, the PPDA met with Oil and Gas Regulatory Authority (Ogra) Chairman Masroor Khan.

He said the Ogra chief was informed about the grievances arising from the proposed amendments. Other key issues, such as the revision of dealers’ commissions, deregulation of petroleum pricing, and smuggling of Iranian petroleum products, were also discussed in the meeting.

He said the PPDA requested an urgent meeting with the federal petroleum minister to address these pressing concerns.

“I am sending a four to five-member PPDA delegation on Monday to meet the petroleum minister to address these serious issues,” he said.

“In case our demands are not met, we have no other choice but to close down pumps till our demands are met,” Mr Sami threatened.

He said the association has been pointing out to the government for the last two years regarding the inflow of smuggled petrol and diesel from Iran, which now holds a market share of 30 per cent.

Published in Dawn, May 25th, 2025



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Impact

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025
Economist Impact

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025
Economist Impact

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025
Economist Impact

Budget lacks steps to cure economic ills, complain industry leaders – Business

June 11, 2025
Economist Impact

Rs200bn relief unveiled in major tariff overhaul – Business

June 11, 2025
Economist Impact

Budget 2025-26: FM Aurangzeb acknowledges pain, calls budget ‘foundation’ for Pakistan’s future – Business

June 11, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Citigroup, CBRE among bidders to advise Pakistan on Roosevelt Hotel redevelopment: report – Business & Finance

September 18, 2025

Pakistan’s current account posts $245mn deficit in August – Business & Finance

September 18, 2025

Pakistan’s power generation increases 8% in August – Markets

September 18, 2025

Pakistan set to export corn as Iran prepares trade mission – Markets

September 18, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • BOE holds interest rates at 2023 levels
  • September to remember or calm before the storm? Cramer’s year-end market prediction
  • Surprise vote tally on UK interest rates
  • US dollar volatile as traders assess BOE rate decision
  • Our 3 best and worst stocks over the past month as Fed rate cut speculation swirled

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

BOE holds interest rates at 2023 levels

September 18, 2025

September to remember or calm before the storm? Cramer’s year-end market prediction

September 18, 2025

Surprise vote tally on UK interest rates

September 18, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.