oil shortage expected after the price announcement is delayed

oil shortage expected after the price announcement is delayed

Petrol Station Employees Update Latest Petrol Prices in Karachi — AFP/ File
Petrol Station Employees Update Latest Petrol Prices in Karachi — AFP/ File

Sources on Friday warned of a shortage of petroleum products at pumps across the country. After the announcement of the Ministry of Finance’s oil price was delayed. geography news report

The result of the delay in the announcement The source said the gas station had stopped buying petroleum products. This could eventually lead to product shortages.

Previously, as reported by news, Oil prices are expected to drop from Rs.235.98 per liter to Rs.226.36 after a reduction of Rs 9.62 per liter in the next two weeks.

But diesel prices will increase slightly by Rs 3.04 per liter, increasing from Rs 247.26 per liter to Rs 250.30 during the period.

Among these speculations Gas station owners have stopped buying petroleum products. The source said

Know oil price which is fixed weekly in Pakistan. no change Since Prime Minister Shehbaz Sharif has yet to advise.

A source familiar with the matter said the prime minister had the authority to approve changes in petroleum product prices.

But PM Shehbaz is attending the Shanghai Cooperation Organization (SCO) Council of Heads of State (CHS) summit, where he meets with Russia’s Vladimir Putin, Turkey’s Recep Tayyip Erdogan and others.

“The Ministry of Finance is waiting for the advice of the Prime Minister. When the Prime Minister decides on the conclusions sent to him Then a new price will be issued,” the source said.

Scroll to Top
The participation of the army and princes in the first world war became leverage for the freedom movement. Hamas's terror summer camp. Near shubhlaxmi & new milan hotel, mumbai goa highway tarankhop pen raigad 402107.