At That Time, A Further Rise in Petrol Prices is Expected
The government’s negotiations with the International Monetary Fund (IMF) have sparked rumors of fuel shortages and rising prices. As a result, citizens of different cities of the country rush to refuel.
According to recent reports, there are long queues at gas stations in several cities including Faisalabad, Gujranwala, Sargodha, Khushab, Gojra, and Chillas.
Apparently, some gas stations only offer Rs 200 fuel for motorcycle owners and Rs 500 fuel for car owners, while others claim that the fuel is completely gone.
Similarly, gas station owners claim that petroleum product distributors have restricted supplies. Banks stopped financing and facilitating payments for imports due to declining foreign exchange reserves.
Minister of State for Petroleum Musadik Malik urged petrol station owners not to create public panic and ruled out an immediate increase in petrol prices.
“Before February 15, there is no possibility of an increase in the price of petrol,” he said.
The new petrol prices will be determined according to the mechanism decided by the federal government at that time. The Federal Minister categorically rejected reports of fuel shortages. It added that some individuals may be involved in fuel hoarding and warned of a crackdown on them.
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