June 8, 2022
1 min read

Islamabad, Rawalpindi suffer fuel shortage

Later, rebutted reports and clarified that the government has no plans to hike the price of petroleum products…reports Asian Lite News

Long queues have lined up outside petrol pumps in twin cities — Islamabad and Rawalpindi — after oil marketing companies (OMCs) stopped the supply of the essential commodity, the media reported.

A representative of the petrol pump association said that the supply has been stopped and tankers have lined up outside oil depots for refilling, Geo News reported.

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 said 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, Geo News reported.

Later, rebutted reports and clarified that the government has no plans to hike the price of petroleum products.

“There will be no increase in prices today, and there is no summary or plan to raise prices,” the Pakistan finance minister said in a tweet after media reports quoted him as saying that petrol prices will move up further.

“In the pre-budget seminar I never even spoke about petroleum prices. Channels running these tickers are doing a disservice to their viewers,” the finance minister said.

In his address to the one-day long pre-budget business conference, Ismail said that had the government taken decisions in line with former prime minister Imran Khan and former Pakistan finance minister Shaukat Tarin’s deal with the International Monetary Fund (IMF), the price of petrol would have stood at Rs 300 per litre.

ALSO READ-Pak Taliban dominates new round of dialogue with desperate Islamabad

Previous Story

Zeliangrong Nagas now endorse Kitovi-led NNPG

Next Story

Right to inheritance and property ‘far cry’ for Pak women

Latest from -Top News

EU prepares retaliation for Trump’s tariffs

The European Commission is assembling a fresh round of counter-tariffs aimed at US goods, adding to two existing lists of potential targets—one of which includes products that were hit by suspended tariffs

US, EU slam China’s war games near Taiwan

US President Donald Trump underscored the need to maintain peace in the Taiwan Strait, advocating for a diplomatic approach to cross-strait tensions while warning against the use of force The United States

£13.9 billion of R&D fund to boost innovation, jobs

Funding outlined to support transformational R&D in areas like life sciences, green energy, engineering and beyond More UK innovators like those developing treatment-transforming dementia tests or building world-leading testing facilities to power

OPEC+ accelerates oil output hikes

Despite the production boost, the group emphasised that future adjustments remain flexible and could be paused or reversed depending on market conditions. Eight OPEC+ nations have unexpectedly decided to accelerate their oil

ATM 2025 set for record turnout

Registrations have surged by an impressive 104% compared to the same period last year, underscoring ATM’s growing influence in the international travel trade landscape. With just three weeks to go until the
Go toTop

Don't Miss

Iranian Interior Minister arrives in Islamabad

Iranian Interior Minister Ahmed Vahidi arrived in Islamabad on Monday

Islamabad braces for political showdown

Workers and leaders of the JUI-F, under the banner of