AGL 38.41 Decreased By ▼ -0.07 (-0.18%)
AIRLINK 202.30 Decreased By ▼ -0.72 (-0.35%)
BOP 10.03 Decreased By ▼ -0.14 (-1.38%)
CNERGY 6.40 Decreased By ▼ -0.14 (-2.14%)
DCL 9.48 Decreased By ▼ -0.10 (-1.04%)
DFML 39.50 Decreased By ▼ -0.52 (-1.3%)
DGKC 98.50 Increased By ▲ 0.42 (0.43%)
FCCL 35.20 Increased By ▲ 0.24 (0.69%)
FFBL 87.00 Increased By ▲ 0.57 (0.66%)
FFL 13.73 Decreased By ▼ -0.17 (-1.22%)
HUBC 130.00 Decreased By ▼ -1.57 (-1.19%)
HUMNL 13.95 Decreased By ▼ -0.07 (-0.5%)
KEL 5.50 Decreased By ▼ -0.11 (-1.96%)
KOSM 7.40 Increased By ▲ 0.13 (1.79%)
MLCF 46.10 Increased By ▲ 0.51 (1.12%)
NBP 61.15 Decreased By ▼ -5.23 (-7.88%)
OGDC 220.00 Decreased By ▼ -0.76 (-0.34%)
PAEL 39.10 Increased By ▲ 0.62 (1.61%)
PIBTL 8.65 Decreased By ▼ -0.26 (-2.92%)
PPL 195.01 Decreased By ▼ -2.87 (-1.45%)
PRL 39.00 Decreased By ▼ -0.03 (-0.08%)
PTC 25.50 Increased By ▲ 0.03 (0.12%)
SEARL 105.25 Increased By ▲ 2.20 (2.13%)
TELE 8.79 Decreased By ▼ -0.23 (-2.55%)
TOMCL 36.10 Decreased By ▼ -0.31 (-0.85%)
TPLP 13.82 Increased By ▲ 0.07 (0.51%)
TREET 24.70 Decreased By ▼ -0.42 (-1.67%)
TRG 57.72 Decreased By ▼ -0.32 (-0.55%)
UNITY 33.35 Decreased By ▼ -0.32 (-0.95%)
WTL 1.67 Decreased By ▼ -0.04 (-2.34%)
BR100 11,878 Decreased By -12.4 (-0.1%)
BR30 37,146 Decreased By -210.2 (-0.56%)
KSE100 110,466 Decreased By -604.8 (-0.54%)
KSE30 34,711 Decreased By -198.3 (-0.57%)

LAHORE: Long queues of two-wheelers and cars have been witnessed at filling stations in most parts of the Punjab province following a reduction in supplies by oil marketing companies.

A number of pumps in various cities including Kharian, Sargodha, Gujranwala, Sialkot, Narowal, Okara and Shakargarh have also been closed due to the shortage of petrol, while the filling stations with oil attracted large crowds of motorists and motorcyclists.

As the media catches the air of petrol shortage, panicked citizens rushed to petrol pumps on Tuesday.

The widespread rumours of an additional increase in petroleum products are another reason behind the shortage. Consumers want to have more oil for saving money while petrol pumps intend to earn more by creating an artificial shortage of fuel.

Country braces for fuel shortages?

Petrol dealers insisted that the companies had cut down supplies of petroleum products to the province over long delays in the issuance of letters of credit by private banks for imports.

However, Minister of State for Petroleum, Dr Musadik Malik refuted the news of the oil shortage and said that the country has petrol quantity for the next 20 days at least. Earlier this month, parts of the country faced a similar situation, before the price hike, but despite the painful addition of Rs35 per liter, the basic commodity is still short.

The sources claimed that only a few fuel stations are offering petrol in several cities including Lahore, Sargodha, Gujrat, Gujranwala, Multan, Bahawalpur, Sialkot, and Faisalabad. Motorcyclist Ahmad Awais reported the closure of most filling stations on the Multan and Ferozepur Roads. Distressed people from the various cities complained of fuel shortage while others shared the ordeal to wait for hours to get fuel petrol. Several reports hint at panic buying at petrol stations as several pumps had already stopped sales owing to the limited availability of stocks.

Comments

Comments are closed.

Muhammad Ali Feb 09, 2023 09:58am
There is no petrol sale on majority of pumps in Faisalabad for last two days. Why govt leaked prospective rate increase in media if they can't control hoarding? Administration is giving blind eye to hardships of consumers.
thumb_up Recommended (0)