Ashish Ranjan
Pakistan economic crisis:Most of the gas stations in Pakistan’s Punjab area ran out of fuel during a severe economic crisis, impacting people’s daily lives. The situation is dire in remote locations where there haven’t been any supplies for the pumps in more than a month, according to Dawn.
Despite assurances that there is an adequate supply and government threats to punish hoarders harshly, there is still a gasoline shortage in Punjab.
On the other hand, according to Dawn, the Pakistan Petroleum Dealers Association (PPDA) has accused all Oil Marketing Companies (OMCs) of failing to secure adequate supply in response to demand, leaving the pumps empty and forcing motorists to stop for petrol in metropolitan areas.
The OMC Association of Pakistan (OMAP), which disagreed with the claim, claimed that some gas stations were storing fuel and fabricating shortages in order to boost sales in anticipation of the upcoming increase in gas prices.
The government is unable to manage petrol shortages and supplies, leading to financial losses for businesses and consumers. It's time to hold them accountable and demand better management of fuel supply and prices. #petrolshortage #financiallosses #Pakistan pic.twitter.com/AiFDgi0Ejj
— Dr Amjad Ch (@DrAmjadOfficial) February 10, 2023
According to Dawn, several gas stations in Punjab’s main and small cities have been forced to close due to severe gasoline shortages brought on by the state of the economy.
The situation seems to be the worst in a few major cities, like Lahore, Gujranwala, and Faisalabad, where multiple gas stations are allegedly operating for days on a meagre or nonexistent supply of gasoline due to pressure from the oil marketing companies (OMCs).
“Around 70 of the 450 pumps in Lahore are not working. Shahdra, Wagah, Litton Road, and Jain Mandar are some of the locations where the gas stations are closed due to a lack of fuel “Khawaja Atif, the information secretary for the Pakistan Petroleum Dealers Association, informed Dawn.
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According to local media, there is a major lack of gasoline in various Pakistani cities amid Pakistan economic crisis. Most of the petrol stations are closed. There aren’t many open and those that are only sell a small amount of gasoline. There are protracted lineups of automobiles and bicycles at some fueling stations.
Notably, a spiralling economic crisis and currency depreciation have put Pakistan’s oil firms on the edge of “collapse.”
