Long queues of vehicles at petrol pumps amid expected fuel price hike

Long queues of vehicles at petrol pumps

Long queues of vehicles were seen at main petrol pumps across Islamabad as citizens rushed to fill their tanks amid expectations of a possible increase in fuel prices.

According to media reports, the anticipation of a rise in petroleum prices led to a heavy rush at multiple fuel stations in the federal capital on Thursday. Motorists were seen waiting in long lines for hours to secure fuel before any potential price adjustment.

A huge rush of people was witnessed at petrol pumps located in F-6, Melody, Blue Area, F-7, Karachi Company, I-8 Markaz, and other areas. Sources said the public reaction comes amid rising global oil prices, which have sparked concerns of an upward revision in domestic fuel rates in the upcoming price review.

Many citizens expressed concern over the situation, saying that even a small increase in petrol prices would further add to their financial burden. In some cases, fuel limits per vehicle were also imposed to manage available supplies and ensure that more citizens could be served.

Citizens said that, after hearing about the alleged shortage, they were cautiously visiting petrol stations to refill their vehicles. Some have demanded that the administration clarify the situation to dispel rumours and reduce public anxiety. Additionally, complaints can also be submitted through social media.

On the other hand, Global oil prices have surged sharply amid heightened volatility, with Brent crude climbing above $126 per barrel. According to media reports, crude oil prices continued their upward momentum in international markets on Thursday, recording a sudden spike that has pushed rates to a four-year high.

Brent crude rose by nearly 7%, while overall oil prices increased by around 6% during the trading session. At one point during the day, the price per barrel briefly crossed $126. Experts have warned that ongoing negotiations for a final peace agreement between the United States and Iran could be at risk due to rising internal political pressure in both Washington and Tehran.

Read More: Global oil prices soar, hit four-year high amid market turmoil