PESHAWAR: The Khyber Pakhtunkhwa Petroleum Dealers and Cartage Association (KPPDCA) has expressed serious concerns about the proposed petroleum deregulation and threatened a province-wide strike if the idea is not rescinded by the next week.
The government intends to enact a deregulation strategy that will allow oil marketing firms (OMCs) to compete by determining their own fuel pricing, according to remarks made last week by Federal Minister for Petroleum Musadik Malik.
Speaking during a news conference in the provincial capital of KP, KPPDCA president Gul Nawaz Afridi declared, “This move will create an oil mafia and lead to market manipulation.”
According to Afridi, the policy would give oil marketing corporations (OMCs) the authority to act in their own best interests, which could lead to an increase in stockpiling and smuggling.
