ISLAMABAD/RAWALPINDI: People in a large number have lined up outside petrol pumps in Islamabad and Rawalpindi after oil marketing companies (OMCs) stopped the supply of petrol and diesel, a private TV channel reported on Tuesday
A representative of the petrol pump association said that the supply has been stopped and tankers have lined up outside oil depots for refilling.
The official asked the OMCs to restart the supply of petroleum products as if the reserves of the petrol pumps run out, then businesses will be severely affected.
“We are in talks with oil supply companies regarding the matter,” he added.
Meanwhile, Chairman Pakistan Petroleum Dealers Association (PPDA) Abdul Sami Khan told the media that the reserves of the pumps are running shortly after Finance Minister Miftah Ismail announced another probable hike in petrol prices.
He maintained that the supply to the petrol pumps had not stopped yet, but due to the rush at the filling stations, their reserves might be exhausted soon.
Earlier in the day, the finance minister said the price of petroleum products would increase further in the country after a massive hike of Rs60 in the last 10 days.
In his address to the one-day long pre-budget business conference, Ismail said that had the government taken decisions in line with ex-prime minister Imran Khan and former finance minister Shaukat Tarin’s deal with the International Monetary Fund (IMF), the price of petrol would have stood at Rs300 per litre.
