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Musadik rejects rumours about shortage of petroleum products

By FD News
Posted on February 9, 2023
3 min read

 

ISLAMABAD, Feb 9  (FD):  Minister of State for Petroleum Musadik Malik has rejected all rumours regarding shortage of petroleum products in the country. Addressing a news conference in Islamabad on Wednesday, he said Pakistan has sufficient stock of diesel and petrol.

Warning the hoarders, the Minister of State said government will cancel the licenses if someone found involved in creating artificial shortage. He dispelled the impression that government is increasing the prices of petroleum products.

The Minister of State said government is taking steps to improve the economy of the country.

Following the warning of Petroleum Minister Dr Musadik Malik, Punjab police launched action against people involved in the illegal hoarding of petrol and diesel in Sheikhupura, Patoki, Daska and other parts of the province.

IG Punjab while ordering a crackdown against hoarding of petrol in the province directed strict action against the guilty.

Following the directions, police teams raided several fuel stations in Sheikhupura and Patoki and recovered over 1.3 million litres of ‘illegally’ hoarded petrol. The recovered fuel was hoarded by the mafia in underground tanks in godowns while more than a dozen containers filled with petrol were also seized.

DPO Zahid Marwat said the value of recovered petrol is over Rs300 million. Cases would be registered against the persons found guilty of fuel hoarding, he added.

 

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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