Pakistan’s petroleum dealers have called off a planned strike after the government approved a revision to their margins. The Economic Coordination Committee, chaired by Finance Minister Muhammad Aurangzeb, approved the increase, though the finance ministry initially did not disclose the amount. The Pakistan Petroleum Dealers’ Association (PPDA) confirmed the margin was raised by Rs1.34 per litre, bringing the total to Rs10. The PPDA had initially demanded an eight per cent increase, aiming for a higher margin than the offered adjustment. While the Prime Minister’s Office hasn’t officially confirmed the change, PPDA Chairman Malik Khuda Bakhsh stated the petroleum minister informed him of the approval. The government also rejected a demand for monthly price fixing, maintaining its current daily price-fixing mechanism, with potential shifts back to 7 or 15-day revisions depending on Middle East stability.