Oil companies across Pakistan have set supply quotas for petrol pumps due to rising tensions in the Middle East, raising fears of a major increase in fuel prices.
According to petroleum dealers, all pumps are being supplied based on their average sales over the past six months with local media reported that the surge in global crude oil prices could trigger a sharp rise in local petrol and diesel rates.
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Pump Orders Increasing Amid Price Hike Speculation
Reports indicate that petrol pumps are placing larger orders, aiming to secure higher profits. Even pumps with lower six-month sales averages are demanding more fuel.
Companies stated that setting quotas is intended to ensure uninterrupted supply to all petrol stations across the country.
Petrol, Diesel prices increase in Pakistan for next fortnight
Meanwhile, the public is also increasing fuel purchases amid news of potential price hikes, leading to higher demand at many pumps.
Emergency Press Conference Announced
Given the seriousness of the situation, petroleum dealers have called an emergency press conference in Karachi, expected to take place within 24 hours, where key announcements regarding fuel supply and pricing are likely.
Pakistan relies heavily on imported crude oil, making local fuel prices sensitive to global market fluctuations.
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Historically, geopolitical tensions in the Middle East, a major oil-producing region, often result in temporary disruptions or price increases in Pakistan.
Fuel supply quotas are a preventive measure to manage demand and avoid shortages.
