Pakistan News Update – A day after the Prime Minister Nawaz Sharif announced a reduction in petroleum prices by Rs9.43 per liter, many petrol stations in Punjab have shutdown for varying reasons.
The information pertaining to the new rate came into effect after midnight, many station owners were unable to source petrol.Meanwhile some stations were closed because the owners has bought petrol at a higher rate than the one that was implemented.
On Friday, the premier had announced that petrol prices would be reduced by Rs9.43 per liter in order to provide relief to the general public.
Petrol Stations Shutdown in Punjab
The information that was passed by the prime minister while addressing a special meeting of the federal cabinet in Islamabad.
He said the government was drastically reducing petroleum prices despite the fact of what protests has caused and the losses that affects the national economy.
Also, the administration in Lahore has sealed four petrol stations, that belongs to different owners, who are reported of looting the public, and not selling petrol at the prescribed rate that was implemented by the government.