Oil industry prompts government to discourage hoarding as petrol stocks decline to 14-day cover

ISLAMABAD: Pakistan’s oil supply chain players appeared nervous as petrol stocks declined to a 14-day cover on Thursday, prompting the government to urgently address procedural issues and activate enforcement mechanisms to discourage hoarding for profiteering in the market. The decline comes amid rising prices following renewed US-Iran hostilities. Informed sources said the government may have to revert to the fuel conservation measures adopted over the past couple of months as it reviews the...

By none@none.com (Khaleeq Kiani)