The All Pakistan Petrol Pumps Owners Association (APPPOA) has withdrawn its strike call after talks with the federal government.
Federal Minister for Petroleum Ali Pervaiz Malik thanked the APPPOA and other organisations for their cooperation during a media briefing. He said the entire region was facing a difficult situation and that the government understood the problems faced by the public.
The petroleum minister said the government had made continuous efforts to keep fuel prices under control. He added that since February, the government had spent hundreds of billions of rupees to provide relief.
Ali Pervaiz Malik said the government had introduced a targeted subsidy system to support the public.
He said clouds of conflict were once again gathering over the region, while rising international oil prices were increasing pressure on petroleum product prices.
The minister said the prime minister, the deputy prime minister and the Field Marshal were making efforts to prevent conflict in the region. He added that the government was managing the country's affairs in line with international agreements.
Ali Pervaiz Malik assured petrol dealers that their issues would be resolved in consultation with the Oil and Gas Regulatory Authority (Ogra).
He said a summary on the dealers' margin would be sent to the federal cabinet.
The petroleum minister said the government would settle the margin issue in consultation with the dealers within the next two weeks and would share positive news afterwards.
