KARACHI (Republic policy) – Fuel pump operators across Pakistan are to hold a nationwide strike on July 22 in a bid to secure larger margins amid an inflation crisis, the Pakistan Petroleum Dealers Association said on Thursday.
“We will shut down all petrol pumps across Pakistan on July 22, 6 p.m.,” said the association, with over 10,000 members.
A statement said interest rates and inflation have hit operators’ businesses and called for the dealership margin to be increased. It said sales have slumped by 30% due to smuggling Iranian fuel into the country.
“Around 8,000-9,000 (operators) … represented by us, will be shut on July 22,” Abdul Sami Khan, chairman of the association, told Reuters.
The South Asian country is dealing with a weakening currency and a prolonged period of inflation, with the national rate hitting 29.4% in June, down from a record high of 38% in May.