The Pakistan Petroleum Dealers Association (PPDA) has announced a countrywide shutdown on July 5 if the government does not refund the advance tax imposed on them.
During a press conference, PPDA Chairman Abdul Samad Khan voiced strong concerns over the 0.5% advance turnover tax included in the Finance Bill 2024-25. Khan emphasized that this tax renders the operation of petrol pumps unfeasible, urging the government to review and abolish it immediately. He warned that without this change, dealers would forced to cease operations across the country.
Impact on Oil Marketing Companies
The association members stressed that the interests of oil marketing companies are paramount. They criticized the government for imposing taxes on everything, noting that petroleum dealers’ sales have declined. Khan accused the government of supporting smuggling and threatening those who oppose it.
Current Advance Tax on Petrol
Samad pointed out that tax is already levied on every transaction of sold goods, adding that the Prime Minister claims to be forced to implement these taxes.
Upcoming Meetings
A delegation from the PPDA is on its way to Islamabad to meet with the Finance Minister, Petroleum Minister, and FBR Chairman. If their issues remain unresolved, the nationwide shutdown will proceed as planned on July 5.