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

“Young entrepreneurs can reshape Pakistan’s economic future”

17/10/2026

PIA launches special discount on flights to Toronto

16/10/2026

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

“Young entrepreneurs can reshape Pakistan’s economic future”

byCT Report
17/10/2026

ISLAMABAD: The president of the Islamabad Chamber of Commerce and Industry has called for turning Pakistan's youth into a driver...

PIA launches special discount on flights to Toronto

byCT Report
16/10/2026

ISLAMABAD: Pakistan International Airlines (PIA) has announced a 30% discount on flights from Pakistan to Toronto, Canada, for travel until...

SECP proposes national digital market to secure better prices for farmers

byCT Report
15/10/2026

ISLAMABAD: The Chairman, Securities and Exchange Commission of Pakistan (SECP) Dr Kabir Ahmed Sidhu has proposed establishing a national agricultural...

Pakistan’s car sales rise 19pc in first quarter of FY27, decline 12pc in September 2026

byCT Report
14/10/2026

KARACHI: Pakistan's car sales increased 19% year-on-year (YoY) to 50,480 units during the first quarter of FY27, despite declining 12%...

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.