Petroleum Dealers Urge Against Panic Buying Amid Fuel Levy Negotiations

ISLAMABAD: As negotiations between the Jamaat-i-Islami (JI) and the government over reducing the fuel levy remain unresolved, petroleum dealers are urging consumers to refrain from panic buying, which could disrupt market stability.

Malik Khuda Baksh, Chairman of the Pakistan Petroleum Dealers Association (PPDA), emphasized the importance of maintaining a delicate balance between supply and demand, which has been effectively managed by all stakeholders, including the government and consumers. He noted that the recent closure of the Iran border has added pressure to the liquefied petroleum gas (LPG) market, exacerbating concerns over fuel availability.

The ongoing discussions regarding the fuel levy are critical, as they directly impact consumers and the broader economy. The JI has called for a meeting with the Prime Minister this week to address the levy issue, highlighting the urgency of the situation as citizens face rising fuel costs.

Looking ahead, stakeholders are keenly awaiting the outcome of the proposed meeting between the JI and government officials. The resolution of the fuel levy issue could significantly influence market dynamics and consumer behavior in the coming weeks.