Business
Petroleum association threats to close pumps
Due to deregulation the industry will be destroyed.
Karachi: Pakistan petroleum sellers association has threatened to close the petrol pumps on country level in case of deregulation of petroleum products.
According to the details, petroleum dealer association’s chairman Abd-ul-Sami Khan was addressing to a press conference in press club Karachi.
He stated that petrol will be selling on Rs20 high price in distant areas of Pakistan from deregulation. This problem will be increased because the smuggling of petrol is already a big problem.
Petroleum dealer association’s chairman said that the people will have benefit in case of Pakistan would have done an agreement with Iran. The 75 percent control on petrol industry is only of three big oil marketing companies.
He added that the protestant banners are being displayed in first phase in case of deregulation. Due to deregulation the industry will be destroyed.