Amid the ongoing economic crisis, fuel shortage hits the country’s most populous region Punjab as many petrol stations in different areas, especially in the provincial capital Lahore, run dry in wake of 'limited supply'.
Hundreds from different cities complained that no fuel was available in fuel stations while long queues were spotted at petrol pumps which are offering only limited fuel.
The situation remained worst in densely populated cities like Lahore, Gujranwala and Faisalabad where petrol pumps have either no or a limited supply of petrol for a couple of days purportedly due to limited supply from the oil marketing companies.
Around 60-70 per cent of fuel stations in Gujranwala had no petrol, and the masses faced similar difficulties in Okara, Sahiwal and other cities in Punjab.
As people faced difficulty in buying the commodity, several trends appeared on the microblogging platform Twitter, where the usersvented out their anger over the fuel crisis. Some people also pointed out that panic buying was witnessed at some petrol stations.
Here's how people reacted:
This is #Islamic Republic of #Pakistan !The only #Petrol pump where petrol is available. The others have petrol but they are closed as the speculations of increase of prices are coming .They want to earn double profit. Pathetic.— Alia fatima (@aliaa_fatimaa) February 7, 2023
Do you really call yourself a Muslim or even human? pic.twitter.com/bm8zk5hdgr
This is main petrol pump of Gujranwala.. pic.twitter.com/wsJBXP64bH— *Cosmos🌸* (@RedRedBlueBlack) February 6, 2023
Will anyone out of the legion of non-functional ministers of this deplorable govt bother telling us why petrol/diesel is short in Lahore?— Hammad Azhar (@Hammad_Azhar) February 7, 2023
Amid the crisis, Minister of State for Petroleum Musadik Malik rejected rumors of a shortage of fuel, saying stocks are available are sufficient to cover more than 3 weeks.
Earlier, it was reported that the federal government is likely to increase prices of petrol and diesel by Rs30 per litre amid ongoing talks with IMF over a bailout package as the cash-strapped country decided to impose a general sale tax (GST) on petroleum products as an additional measure.
Pakistani rupee advanced its winning momentum against US dollar, and other currencies in the open market amid strong economic cues.
On Saturday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.
Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.
UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.
|UK Pound Sterling||GBP||359.4||360.05|
|Hong Kong Dollar||HKD||36.38||36.48|
|New Zealand Dollar||NZD||173.44||175.44|
The price of gold fell by thousands of rupees as precious metal lost shine despite an upward trend in the international market.
On Saturday, the price of a single tola of 24-karat gold stands at Rs217,300 and 10 grams of 24k gold costs Rs186,300.
Meanwhile, single tola of 22 Karat gold costs Rs199,190, 21 karat rate costs Rs190,138 and 18k gold rate is Rs162,975.
Globally, gold prices hover at around $2072, gaining $32 on Saturday.
|Lahore||PKR 217,300||PKR 2,705|
|Karachi||PKR 217,300||PKR 2,705|
|Islamabad||PKR 217,300||PKR 2,705|
|Peshawar||PKR 217,300||PKR 2,705|
|Quetta||PKR 217,300||PKR 2,705|
|Sialkot||PKR 217,300||PKR 2,705|
|Attock||PKR 217,300||PKR 2,705|
|Gujranwala||PKR 217,300||PKR 2,705|
|Jehlum||PKR 217,300||PKR 2,705|
|Multan||PKR 217,300||PKR 2,705|
|Bahawalpur||PKR 217,300||PKR 2,705|
|Gujrat||PKR 217,300||PKR 2,705|
|Nawabshah||PKR 217,300||PKR 2,705|
|Chakwal||PKR 217,300||PKR 2,705|
|Hyderabad||PKR 217,300||PKR 2,705|
|Nowshehra||PKR 217,300||PKR 2,705|
|Sargodha||PKR 217,300||PKR 2,705|
|Faisalabad||PKR 217,300||PKR 2,705|
|Mirpur||PKR 217,300||PKR 2,705|