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Pakistan's Diesel Crisis: Why Fuel Shortages Hit Amid Price Hike Fears

Pakistan is experiencing diesel shortages across multiple regions as oil companies have stopped supplies. The Petroleum Dealers Association claims private firms haven't supplied diesel for three days, creating artificial scarcity. Meanwhile, petroleum prices are expected to increase by up to PKR 9.60 per litre starting November 16. This comes just weeks after the government implemented another price hike of PKR 3.02 per litre on November 1.

Key Points: Pakistan Diesel Shortage Reported Amid Petroleum Price Rise

  • Diesel supply halted by private oil companies for three consecutive days
  • Petroleum prices expected to rise by PKR 9.60 per litre from November 16
  • Dealers claim PSO supplies insufficient to meet nationwide demand
  • Previous price hike of PKR 3.02 implemented on November 1
2 min read

Diesel shortage reported in Pakistan amid potential rise in prices of petroleum products

Pakistan faces diesel shortages as oil companies halt supplies ahead of expected price increases up to PKR 9.60 per litre starting November 16.

"Oil firms have artificially created a diesel shortage in the market - Petroleum Dealers Association"

Islamabad, Nov 14

Diesel shortage is being reported in Pakistan amid a potential rise in petroleum product prices from November 16, local media reported on Friday, citing sources.

Sources have revealed that oil companies have halted the supply of diesel in Islamabad, which has resulted in diesel shortages in various regions, ARY News reported. The Petroleum Dealers Association stated that private oil firms have not been supplying diesel for the past three days.

Petroleum dealers have claimed that oil firms have artificially created a diesel shortage in the market, adding that diesel supplied by PSO is not adequate to meet the demand of the people in Pakistan.

From November 16, petroleum may rise by up to Pakistani Rupees (PKR) 9.60 per litre. Initial prices have been prepared considering the global market situation, as per the sources.

The price of diesel is expected to rise by PKR 9.60, while the petroleum price is expected to reduce by PKR 1.96 per litre. Kerosene prices are likely to increase by PKR 8.82 per litre, and light diesel oil prices may rise by PKR 7.15 per litre.

Earlier on October 31, Pakistan's federal government had increased prices of petroleum products by up to PKR 3.02 per litre for the next 15 days, with the new rates taking effect on November 1.

The notification issued by Pakistan's Ministry of Finance stated that the price of petrol has been increased by up to PKR 2.43 per litre, raising it from PKR 263.02 to PKR 265.45 per litre. The price of high-speed diesel has increased by PKR 3.02 per litre from PKR 275.42 to PKR 278.44 per litre, Pakistan's The Express Tribune reported.

Officials said the price hike comes after recent upward trends in international oil prices and is likely to increase worries of people, as they have already been facing inflationary pressures.

On October 15, Pakistan's federal government announced a reduction in prices of petroleum products by up to PKR 5.66 per litre.

- IANS

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Reader Comments

P
Priya S
PKR 9.60 increase per litre is massive! In India we complain about ₹2-3 hikes, but this is on another level. The common man in Pakistan must be really struggling with these frequent price changes. 😔
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Aditya G
While I sympathize with the people of Pakistan, this shows why energy security is so important. India has been working on diversifying energy sources and building strategic reserves - lessons for all developing nations.
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Sarah B
The timing of this shortage right before price hikes seems suspicious. Oil companies creating artificial scarcity to justify higher prices is a global problem we've seen in many countries. Needs stronger regulation.
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Meera T
This will impact transportation costs and ultimately food prices. The ripple effect on inflation is worrying. Hope the authorities take quick action to stabilize the situation for ordinary citizens. 🚛
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Vikram M
Reading this makes me appreciate our relatively stable fuel pricing in India. Despite global fluctuations, our government has managed to keep prices reasonable through various mechanisms. Good governance matters!

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