Fuel dealers urge consumers to avoid ‘panic buying’
• PPDA chairman says pricing remains an issue • JI demands meeting with PM ‘this week’ to resolve levy issue ISLAMABAD: Even as talks between the Jamaat-i-Islami (JI) and the government to reduce the fuel levy remained ‘inconclusive’, petroleum dealers on Friday urged consumers not to resort to panic buying, as excessive purchases could create market distortions. Talking to reporters, Pakistan…
The Petroleum and Natural Resources Ministry, along with the Pakistan Petroleum Dealers Association (PPDA), has urged consumers to avoid panic buying despite ongoing negotiations between the Jamaat-i-Islami (JI) and the government to reduce fuel levies. PPDA Chairman Malik Khuda Baksh stated that the delicate balance between supply and demand has been maintained efficiently by all stakeholders, including the government, industry, and consumers.
However, the recent closure of the Iran border has put the liquefied petroleum gas (LPG) market under stress. Baksh emphasized that there are no artificial shortages in petrol supply and that refineries are operational, with both crude oil and petroleum products being imported from Gulf countries.
Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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