Representatives of Pakistan Petroleum Dealers Association have rejected the proposed deregulation of the fuel market and warned that such a movement would lead to a sharp increase in gasoline prices from Karachi to northern regions.

They suggested that the government instead of deregulation should remove the petroleum tax, which could lower fuel prices up to the RS60 per year. Liter.

During a press conference, the coordinator of Petroleum Dealers Association stated chairman Raja Waseem that they were open to negotiations with the government but have not yet received any response to their concerns.

“The whole question is about the inner shipping equalization margin, and oil marketing companies increase their profits at direct operating fuel stations,” he said.

Waseem emphasized that previous attempts at deregulation had been exposed to resistance, especially from Khyber Pakhtunkhwa, and warned that it could lead to cartelization, as seen in the cement and sugar industry.

He also pointed out that smuggled Iranian fuel interferes with the market where forged and mixed fuel is sold to higher profits, making it difficult for legal companies to survive.