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Petrol crisis feared as Oil Tankers Association deadline for accepting demands ends

MM News Staff by MM News Staff
September 18, 2023
Reading Time: 2 mins read
Petrol crisis feared as Oil Tankers Association deadline for accepting demands ends

Petrol crisis feared as Oil Tankers Association deadline for accepting demands ends

Pakistan is likely to face a petrol shortage in the coming days as the Oil Tankers Association deadline for meeting demands is ending today. 

“On September 18, 2023, we will protest after completely shutting down our business at the national level and the people would be affected due to this,” the association said in its press release on September 16.

There were reports of suspension of fuel supply to airports, Islamabad, Rawalpindi, Attock, and Gilgit Baltistan.

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The statement was centered on the association’s meetings with the petroleum ministry for the past three years related to the quota after the beginning of the white oil pipeline and demands. According to the contractors, the meetings did not yield any results.

The association, which said the petroleum ministry and OGRA would be responsible for the people’s suffering, claimed that they could not continue their business amid such an inflation that currently stands at 27%.

The shutdown call was based on the fulfillment of demands.

A 65% share for road transport after running the white oil pipeline, a 100% increase in local fares a 50% hike in long trip fare, and a revival of old vehicles were the three demands.

The petrol and diesel rates have been increased by Rs58.43 and Rs55.83 per litre within one month. The two petroleum products, which are now available at Rs331.38 and Rs329.18, have become costlier by 20% since the interim government held the reins in August.

The international oil prices have surged by almost 30% since June.

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