The Pakistan Petroleum Dealers Association (PPDA) has issued a stern demand for the immediate withdrawal of the 0.5% advance turnover tax introduced in the recent budget. The association, representing 14,000 dealers nationwide, has voiced concerns that this tax imposition could severely impact the already struggling petrol pump business, citing minimal profits exacerbated by high inflation.
PPDA Chairman Abdul Sami Khan emphasized the potentially devastating consequences of this additional tax, warning that it could force many dealers out of business. He lamented, “The additional burden of taxes will destroy our business. There is no other option but to close down due to this unfair tax.”
In a decisive move, the PPDA has set a deadline, threatening a nationwide strike starting July 5 if their demands are not met promptly. “We will take strict action,” declared the association, underscoring the seriousness of their stance.
The government, in response to the looming threat of a strike, has instructed oil marketing companies to ensure ample stocks of petroleum products to prevent disruptions in supply and inconvenience to the public. Despite this directive, Abdul Sami Khan expressed dissatisfaction with his recent meeting with the finance minister, stating that it yielded no viable solutions. “He has no answer to our questions,” Khan asserted, highlighting the frustration within the industry over the perceived lack of governmental responsiveness.
With tensions escalating and the July 5 deadline approaching, all eyes are on the government’s response as stakeholders brace for potential ramifications on both the energy sector and broader economy.
