Here’s When Petrol Price in Pakistan Expected to Get Another Hike
There have been reports of a fuel shortage and price increases as a result of the government’s negotiations with the International Monetary Fund (IMF). As a result, people in numerous locations across the nation are hurriedly filling up their gas tanks.
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According to recent reports, there are huge lines at gas stations in a number of cities, including Faisalabad, Gujranwala, Sargodha, Khushab, Gojra, and Chillas.
According to reports, some gas stations only give motorbike and automobile owners Rs. 200 and Rs. 500 worth of fuel, respectively, while other outlets say they are out of fuel entirely.
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The owners of gas stations assert that the supply has been constrained by petroleum product dealers. As a result of decreasing foreign exchange reserves, banks have stopped providing financing and facilitating payments for imports.
Musadik Malik, the state’s minister of petroleum, has warned gas station owners not to frighten the people and disregarded the possibility of an instant hike in gasoline prices. Before February 15, he said, “There is no likelihood of a fuel price increase.”
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According to the methodology used by the federal government on the aforementioned date, new gas prices will be set. The rumors’ of a fuel scarcity were officially denied by the federal minister. He continued by saying that some people might be stockpiling fuel and threatened them with harsh punishment.
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