As per The News, the organization has said that it will close all of its fuel stations on Friday, the day after the negotiations between the government and petroleum dealers regarding the advance tax problem collapsed.
Abdul Sami Khan, the chairman of the Pakistan Petroleum Dealers Association (PPDA), declared: “We will go on strike as announced earlier. We met with government officials in Islamabad, but the talks produced no results.”
Khan stated that the unfair tax would compel them to close their doors since there was “no way in the world to run fuel stations in loss with double taxation.”
The PPDA expressed concerns regarding the 0.5% advance tax on turnover included in the budget, pointing out that all transactions related to the cost of commodities sold are already subject to taxes at the time of purchase and are documented in the financial records of oil marketing companies and dealers.
As a result, the PPDA asked that the clause be taken out of the financing measure right away.
The gasoline dealers demanded that the advance income tax removed from the budget for 2024–2025 be removed because they believed it would destroy the operations of gas stations. They claimed that despite rising inflation, they were already operating the company with a little profit margin.
