Business news Pakistan

‘Don’t worry,’ govt tells people ahead of petrol strike in Pakistan


The Ministry of Energy (Petroleum Division) announced Wednesday that all petrol pumps will remain open across the country tomorrow.

A spokesperson for the Petroleum Division, in a statement, said that the case to increase the margin for petrol pump owners has been sent to the Economic Coordination Committee.

“People don’t need to worry,” the spokesperson said, adding that the ministry is making efforts for a reasonable increase in the margin for oil marketing companies and dealers.

They further stated that the federal cabinet’s decision in the said regard is expected in 10 days.

“Petrol pumps of all companies including PSO, Shell, and Total will remain open across the country tomorrow,” the spokesperson said.

The spokesperson further stated that oil tankers have been dispatched for ensuring the uninterrupted oil supply throughout the country. Many oil sector associations have expressed satisfaction over the efforts made by the ministry, they added.

The Pakistan Petroleum Dealers Association (PPDA) had announced earlier in the day to go on a countrywide strike from tomorrow (November 25) to register their protest at what they call “low-profit margins”.

Meanwhile, taking notice of the closure of petrol pumps, Oil and Gas Regulatory Authority (OGRA) directed the petroleum marketing companies to ensure an uninterrupted supply of petroleum goods.

OGRA spokesman said that some elements are trying to disrupt the supply of petroleum products but the OGRA enforcement teams will monitor the situation in the field.

Action will be taken against the elements involved in placing obstacles in the supply, the oil regulator said.

also read..

Alvi stresses strong Pak, Uzbek bilateral ties

News Editor

NAB will not probe Peshawar BRT project: SC

News Editor

CPEC Phase-II to provide more investment opportunities for foreign investors: SAPM Bajwa

News Editor

Reckitt Benckiser gets new CEO

News Editor

Heatwave to grip Karachi amid coronavirus lockdown

News Editor

KMC signs MoU with welfare organisations for improvement of graveyards

News Editor