Petrol Shortage Likely to Worsen in the Coming Days – Research Snipers

Petrol Shortage Likely to Worsen in the Coming Days

petrol shortage

A shortage of petrol and diesel has been reported at the various fuel stations of the country owing to the limited supply of the items.

The chairman of All Pakistan Petroleum Retailers Association (APPRA), Sameer Najmul Hassan has said that the oil firms would likely, run out of their stocks of oil in the span of the next 3 days. The stock left is hardly enough to last out for more than 3 days.

He also said that the new quota of the petroleum products is not being bought owing to the consistent reduction in the quota of the oil firms. No firm other than Pakistan State Oil (PSO) is buying oil presently, as per the chairman of APPRA.

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The entire situation is seem to be worsening, as warned by the chairman.

He also said that 15 oil marketing firms in total, which include the PSO, buy oil in Pakistan.

Previously, the Competition Commission of Pakistan (CCP) had taken the notice of the public concerns and complaints about the reduction of the petroleum products in the nation and started an investigation to learn whether such a reduction is the consequence of any anti-competitive activity.

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