Abb Takk News

Petrol Shortage in Lahore Due to Limited Supply, Panic Buying

LAHORE: Shortage of petroleum products (POL) was witnessed on Thursday in major parts of the country including Lahore due to limited supplies of fuel to retail outlets by Oil Marketing Companies (OMCs).

Sources said that the OMCs failed to maintain stocks of fuel at their depots as per their license terms i.e. 20 days, and also delayed the import of fuel. They said that due to the limited availability of fuel stocks with retail outlets, consumers could not find oil as per their demands, which also led to panic buying.

People faced problems in refueling their vehicles and motorbikes as most of the petrol pumps were shut in the provincial capital of Punjab.