A petrol shortage has been reported at several petrol pumps in Lahore, the private media outlet reported on Thursday.
The residents of Lahore are worried about the petrol situation in the country, as one of the residents said while speaking to journalists that staff at petrol pumps asked the citizens to buy high-octane oil, as the petrol is not available.
On the other hand, the oil companies asked for the government’s involvement to deal with the petrol shortage in the city.
According to several oil companies, the petrol reservoirs are only left for 15 more days in the country.
The oil companies also informed the government about the potential petrol shortage in the country if timely initiatives are not taken.
Expected petrol price for next month
Petrol and diesel prices in Pakistan are likely to increase in the next fortnightly review as rising global crude oil prices, driven by geopolitical tensions and higher import costs, continue to put pressure on fuel rates.
The government has not issued any official notification yet.
However, market estimates suggest that if international oil prices continue to rise, petrol could become Rs10 to Rs20 per litre more expensive, while the price of high-speed diesel could increase by Rs12 to Rs25 per litre. The final prices will depend on import premiums, the exchange rate, and the government’s tax decisions.
Also Read, Petrol pump owners reject govt’s proposal for daily fuel price revisions
Earlier, the All Pakistan Petrol Pump Owners Association had rejected the government’s proposal to revise petroleum product prices on a daily basis and warned of possible action if its concerns are not addressed.
As per media reports, the association called for an immediate review of the proposed daily pricing mechanism, saying it was unacceptable to petrol pump owners.
The association said the existing weekly price adjustment system had already severely affected their business, adding that daily price revisions would further complicate stock management and financial planning.
