Country braces for worst diesel shortage

Country braces for worst diesel shortage

Experts say govt can avoid crisis if it clears price differential claims of Rs60b

ISLAMABAD:
Prime Minister Shehbaz Sharif has been warned by economists and industry experts that the country would face the worst shortage of diesel next month amid the harvesting season as its stocks are fast plummeting.

Sources told The Express Tribune that the experts had urged Premier Shahbaz to increase oil prices in order to avoid the swelling price differential claims that accumulated to around Rs60 billion in only one month of April 2022.

The prime minister was also informed that there would be no protests if the oil prices were increased. However, protests would start if diesel was not available in the market due to poor financial health of the oil industry on account of rising price differential claims. The interesting thing was that there was no approval from the government to clear the price differential claims of the oil industry.

Further, PM Shehbaz had refused to increase the oil prices despite the grave situation of the oil industry.

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