ISLAMABAD : Pakistan's petrol retailers began a nationwide strike on Thursday as the main industry body flagged low profit margins, exacerbated by the government's move to raise taxes and boost revenue under its agreements with the International Monetary Fund.
The country's Oil and Gas Regulatory Authority has said it would try to curb the impact of the strike, adding that and any disruptions would be met with legal action. "Anyone involved in oil disruptions causing public inconvenience shall be dealt strictly in accordance with OGRA laws." The government has said that under an agreement with the IMF struck this month to release around US$1 billion of a US$6 billion financing facility, it would increase levies to help meet its revenue targets.
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