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KARACHI, Pakistan, July 20 (Reuters) - 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, which says it has more than 10,000 members. In a statement it said interest rates and inflation have hit operators' businesses and called for the dealership margin to be increased. "Around 8,000-9,000 (operators) ... represented by us, will be shut on July 22," Abdul Sami Khan, chairman of the association, told Reuters. Reporting by Ariba Shahid in Karachi; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

Persons: Abdul Sami Khan, Ariba Shahid, Conor Humphries Organizations: Pakistan Petroleum Dealers Association, Reuters, Thomson Locations: KARACHI, Pakistan, Karachi

KARACHI, Pakistan, June 2 (Reuters) - Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said on Friday. The government order, called the Business-to-business (B2B) Barter Trade Mechanism 2023 and dated June 1, lists goods that can be bartered. Sajid Amin, deputy director of the Sustainable Development Policy Institute, said Pakistan could gain particularly from oil and energy imports from Russia and Iran without adding to dollar demand. "While it may not solve currency smuggling, particularly at the Afghanistan border, it can discourage smuggling of goods from Iran, such as diesel, and Afghanistan which is hurting the economy," Amin added. In May, the Pakistan Petroleum Dealers Association complained that up to 35% of the diesel sold in Pakistan had been smuggled from Iran.

Persons: Sajid Amin, Amin, Pakistan's, Musadik Malik, Malik, Ariba Shahid, Asif Shahzad, Simon Cameron, Moore, David Holmes Organizations: Ministry of Commerce, State, Sustainable Development Policy Institute, Reuters, Pakistan Petroleum Dealers Association, Thomson Locations: KARACHI, Pakistan, Afghanistan, Iran, Russia

KARACHI, Pakistan, May 9 (Reuters) - Petroleum dealers have flagged a surge in the smuggling of Iranian fuel to Pakistan, saying that up to 35% of diesel sold in the South Asian country has arrived illegally from Iran, the Pakistan Petroleum Dealers Association (PPDA) told Reuters on Tuesday. “Private dealers have been able to make decent profits by selling Iranian diesel rupees 35 ($0.1235)/litre cheaper than local dealers,” it added. The PPDA said that Iranian fuel smuggled into Pakistan was further hurting the industry, already reeling from low sales. “In the past smuggled fuel was restricted to just Balochistan, but it has now spread all over,” Khan said. Due to Iranian fuel being significantly cheaper than domestic fuel, refineries are having trouble with stock uptake.

☆ Pakistani minister says fuel supplies adequate, warns against hoarding
▼ + stars: | 2023-02-08 | by ( Ariba Shahid | ) www.reuters.com time to read: +2 min

KARACHI, Pakistan, Feb 8 (Reuters) - Pakistan's government said on Wednesday it was not planning to hike fuel prices and warned oil companies against stockpiling petrol after some consumers complained they had been unable to purchase fuel at pumps. A member of Oil Companies Advisory Council (OCAC) in Pakistan told Reuters that only a few of the licensed companies are selling fuel while the others are not either due to financial issues or due to hoarding. Some consumers in Pakistan's most populous province of Punjab reported petrol stations were closed and others were limiting the amount people could buy. "I went to Sialkot where I found the majority of petrol stations closed. "Consumers think we're not giving them fuel and they blame us - but we aren't being supplied enough," he said.

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