AIRLINK 191.84 Decreased By ▼ -1.66 (-0.86%)
BOP 9.87 Increased By ▲ 0.23 (2.39%)
CNERGY 7.67 Increased By ▲ 0.14 (1.86%)
FCCL 37.86 Increased By ▲ 0.16 (0.42%)
FFL 15.76 Increased By ▲ 0.16 (1.03%)
FLYNG 25.31 Decreased By ▼ -0.28 (-1.09%)
HUBC 130.17 Increased By ▲ 3.10 (2.44%)
HUMNL 13.59 Increased By ▲ 0.09 (0.67%)
KEL 4.67 Increased By ▲ 0.09 (1.97%)
KOSM 6.21 Increased By ▲ 0.11 (1.8%)
MLCF 44.29 Increased By ▲ 0.33 (0.75%)
OGDC 206.87 Increased By ▲ 3.63 (1.79%)
PACE 6.56 Increased By ▲ 0.16 (2.5%)
PAEL 40.55 Decreased By ▼ -0.43 (-1.05%)
PIAHCLA 17.59 Increased By ▲ 0.10 (0.57%)
PIBTL 8.07 Increased By ▲ 0.41 (5.35%)
POWER 9.24 Increased By ▲ 0.16 (1.76%)
PPL 178.56 Increased By ▲ 4.31 (2.47%)
PRL 39.08 Increased By ▲ 1.01 (2.65%)
PTC 24.14 Increased By ▲ 0.07 (0.29%)
SEARL 107.85 Increased By ▲ 0.61 (0.57%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 39.11 Increased By ▲ 2.71 (7.45%)
SYM 19.12 Increased By ▲ 0.08 (0.42%)
TELE 8.60 Increased By ▲ 0.36 (4.37%)
TPLP 12.37 Increased By ▲ 0.59 (5.01%)
TRG 66.01 Increased By ▲ 1.13 (1.74%)
WAVESAPP 12.78 Increased By ▲ 1.15 (9.89%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.95 Increased By ▲ 0.10 (2.6%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)

ISLAMABAD - The All Pakistan Oil Tankers Contractors Association (APOTCA) has announced a countrywide strike for an indefinite period, which may result into petrol shortage across the country.

The APOTCA argued that they have multiple demands, which help to maintain the smooth supply of the petroleum products across the country. They say the strike would continue until the government accedes to their demands. The association has parked the oil tankers and suspended the supply of oil.

Oil marketing companies have introduced a computerised system instead of the old ‘queue system,’ according to the APOTCA representative, Israr Shinwari told Business Recorder.

The contractors are facing multiple problems as the new queue system is technical and they are not used to.

The APOTCA representative maintained that the turnover tax has been increased to 3.5 percent from 2.5 percent, which has made it difficult for them to do business. Ghiyas Paracha, who is associated with the petroleum, gas and CNG industry, told Business Recorder that the petrol stations kept petroleum products stock for one to two days.

“The size of strike is yet to be known as most of petroleum industry is not supporting the strike,” he added.

The All Pakistan Oil Tankers Owners Association distanced itself from the strike.

The Petroleum Division completed dualisation of the White Oil Pipeline (WOP), from Karachi to Sheikhupura, for supply of petrol and diesel to oil marketing companies (OMCs) and reducing reliance on transportation through tankers.

The pipeline was previously used to move diesel from Karachi to Sheikhupura would be transporting both diesel and petrol in batches after the dual line was made operational.

The WOP would be expanded to Peshawar, for which a contract had already been awarded to the Frontier Works Organization, which had completed its necessary work.

The association is also demanding 50 percent quota in the WOP, meaning the OMCs should dispatch 50 percent supplies through roads and rest of the 50 percent through the pipeline.

The OMCs were dispatching some 60 percent diesel supplies through the pipeline. The rest of supplies were being supplied through tankers.

Copyright Business Recorder, 2021

Comments

Comments are closed.