Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

POL price cut leaves commuters, motorists high and dry

byMonitoring Report
02/12/2014
in Business
Share on FacebookShare on Twitter

LAHORE: The artificial shortage of POL products in the aftermath of around 10 percent reduction in its prices announced by the government caused great inconvenience to the public and they suffered greatly due to closure of filling stations and long queues at those which remained opened.

Prime Minister Nawaz Sharif announced decrease in POL price following sharp decline in crude oil prices in the international market. The government announced over Rs 9 reduction in the POL price with effect from December 1.

You might also like

Pakistan’s power sector circular debt rises to Rs1.67 trillion in FY26

19/08/2026

SECP clears 13th public offering of 2026 as Naya Nazimabad REIT heads to PSX

18/08/2026

However the decision was not implemented at once and the consumers faced problems. It has become a practice of filling station owners that whenever oil prices are increased they implement the new prices forthwith with delight but it occurs contrary, they appear hesitant to pass on the benefit to the end consumers. Continuing with this habit, most of the petrol pump owners stopped oil supply to the citizens while others remained overcharging and supplying fuel on the old prices.

According to a survey of the city, the petrol supply was stopped at various private filling station in areas of Mughalpura, Dhrampura, Harbanspura, Manawa, Tajpura, Lakshmi, Batapur, Gohawa Morr, Gulberg, Cantonment and other areas due to which citizens faced serious problems.

On the other hand city district government sealed off as many as five petrol pumps over failure to supply petrol to consumers on the new prices.

It is noteworthy that following decrease in oil prices in the international market the price of petroleum were decreased in three months in Pakistan by Rs 21 from Rs Rs 108 to Rs 84.

Related Stories

Pakistan’s power sector circular debt rises to Rs1.67 trillion in FY26

byCT Report
19/08/2026

ISLAMABAD: Pakistan’s power sector circular debt increased by Rs61 billion during fiscal year 2025-26, reaching Rs1.675 trillion by June 30,...

SECP clears 13th public offering of 2026 as Naya Nazimabad REIT heads to PSX

byCT Report
18/08/2026

KARACHI: Pakistan’s primary equity market extended its most active stretch in years Tuesday, as the Securities and Exchange Commission of...

Sales tax chaos: Hybrid vehicle makers halt production

byCT Report
17/08/2026

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded an immediate rollback of the sales tax...

Weekly inflation rises 0.15pc, annual rate reaches 9.11pc

byCT Report
15/08/2026

ISLAMABAD: Pakistan’s weekly inflation increased by 0.15%, pushing the annual inflation rate to 9.11%, according to the latest report released...

Next Post

Closing: KSE takes mammoth jump of 381pts, up 1.12% towards 32000pts mark

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.