News
Abbasi cites increase in demand for petrol crisis
ISLAMABAD: Apologising for the ongoing petrol crisis in the country, Petroleum Minister Shahid Khaqan Abbasi on Monday cited increase in demand, following a substantial reduction in POL prices, as the main reason behind the petrol shortage.
Speaking at a press conference after attending a meeting chaired by Prime Minister Nawaz Sharif at the PM House held on the matter, he said he was embarrassed for the difficulties faced by the consumers due to petrol shortage across Pakistan specially in Punjab.
The minister vowed that the crisis would be resolved by the end of week and urged the masses not to panic as petrol supply has already been restored. He also urged them not to increase their purchase due to the current crisis.
Abbasi, on the occasion, said that the prices of petroleum products would be further reduced by Rs5 from February 1.
He said the prime minister has directed for an early resolution of the crisis during the emergency meeting today. The water and power ministry has been directed to resolve financial issues with the Pakistan State Oil (PSO), Shahid Khaqan Abbasi added.
Courtesy www.thenews.com.pk