What profit does petrol pumps owner make per liter?
The current profit margin made by petrol pumps per liter has emerged after media reports on Thursday (today).
Currently, petrol pumps do earn a 2.75% margin on one liter of petroleum supplies.
Sources reveal that Rs3.91 is being earned by petrol pumps on one liter of petrol whereas Rs3.30 is earned on every one liter of diesel.
Pakistan Petroleum Dealers Association (PPDA) demands the profit margin be setup at six%. If this figure is approved by the government then the petrol pump owners will be earning Rs8.75 on one liter of petrol while Rs8.5 will be bagged on one liter of diesel.
After the strike call of PPDA, most petrol pumps throughout the country have stopped the supply of petroleum on November 25.
This has caused a panic among commuters as petrol is an important part of their lives.
Big queues were witnessed outside petrol pumps yesterday night when the PPDA strike call was announced.
Many petrol pumps have cut off the supplies but few pumps are still serving petrol even after the strike call. A big number of vehicles have turned up to open petrol pumps.
Ministry of Energy tweeted about the functioning petrol pumps.
Earlier, Energy Minister Hammad Azhar stated that legitimate demands of PPDA will be accepted. But the dealers association has mentioned that the strike call will not be taken back until unless the government increases the profit margin to six%.