A panic situation has been created due to rumors spreading on social media regarding another price hike and impending petrol shortage in Pakistan. As a result, everyone is flocking to petrol pumps to get their cars filled up before its too late.
The situation has created a petrol shortage in Pakistan, especially in major cities of Punjab, where several petrol pumps are either closed or rationing fuel to customers, making the situation even worse.
In cities like Lahore, Gujranwala, and Faisalabad, many petrol pump are closed and owners are reporting that no fuel supply has been received for the past few days due to reduced supply from the Oil Marketing Companies (OMCs).
Hoarding is another issue that has created a petrol shortage in Pakistan as several pumps have stopped sales to customers as they plan to sell their stocked supply at higher rates after a likely increase in price in the coming days.
At the time of writing this, many petrol pumps across Lahore are only allowing Rs. 500 of petrol to motorcycles, while cars are being allowed Rs. 1,500 worth of petrol. However, there are reports that some pumps are only supplying Rs. 200 and Rs. 500 of petrol to bikes and cars, respectively.
Meanwhile, State Minister for Petroleum, Musadik Malik, keeps denying any rumors of petrol shortage in Pakistan, adding that there is no possibility of an increase in the price of petroleum products in Pakistan.
Read more: Latest Petrol Prices in Pakistan – 29 January 2023.
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