Today News

Oil companies hoarding and fear of price hike of Rs. 60; Petrol pumps running dry


The Petroleum Dealers Association has alleged that oil marketing companies are hoarding by stopping the supply of petrol, due to which petrol pumps are running dry in many parts of the country.


“We do not want to disturb the public during the holy month of Ramadan, but the companies are not supplying us with petrol,” Tariq Hassan said at a press conference. He expressed concern that the prices of petroleum products could increase by another Rs 50 to Rs 60 per litre, which would further reduce the profits of dealers.


The chairman said that the government collected only Rs 21 as levy out of the Rs 55 increase, where did the rest of the huge amount go? He called several of the 42 oil marketing companies operating in the country “fake” and demanded immediate action against them.

Related posts
Today News

Iran insists inclusive regional security framework must involve all states

Iranian Foreign Minister Abbas Araghchi has reiterated that any future security architecture in the…
Read more
Today News

Milk Hits Rs 220 Per Litre, Yogurt Rs 260 Per Kg in Lahore

People in Lahore are really feeling the squeeze as milk and yogurt prices have jumped yet again.
Read more
Today News

Iran-US Peace Deal May Be Signed Within 24 Hours, Says PM Shehbaz Sharif

Prime Minister Shehbaz Sharif has said that the expected peace agreement between Iran and the United…
Read more

Leave a Reply

Your email address will not be published. Required fields are marked *