Hoarded petrol worth Rs300m seized in Sheikhupura

Business Feb, 10 2023
Hoarded petrol worth Rs300m seized in Sheikhupura
  • 150
  • 0

LAHORE: Following directions by Punjab Chief Minister Syed Mohsin Raza Naqvi to launch crackdown against petrol hoarding mafia, police seized hoarded oil worth Rs 300 million from three different areas of Sheikhupura, according to report yesterday. A police team led by District Police Officer Sheikhupura Zahid Nawaz Marwat raided three places and seized dozens of oil tankers parked underground in different mansions (Havelis). Quantity of petrol seized by police is approximately 1.2 million litre.

District police spokesman said cases were being registered against hoarders. DPO said that stern action was being taken against hoarding mafia in whole district.  Meanwhile, in Narowal city, fuel stations have stopped sale of petrol and diesel to general public. Fuel shortage has also affected students’ attendance in schools. Petrol pump owners have stopped sale of fuel taking plea of low supplies being provided to them. After Ogra action, supply of petrol to fuel stations of Lahore was better, however, shortage still persisted in different areas. In Shadman area Shell petrol pumps had no petrol supplies and motorists had to return with no fuel.

In Gujranwala, crisis worsened with majority of fuel stations were seen shut with no supplies on third straight day. Likewise in Samundri and its suburban areas, citizens were purchasing petrol on exorbitant rates. In Okara, complying with directions of Punjab Caretaker Chief Minister Mohsin Naqvi, Deputy Commissioner Zeeshan Hanif has asked all price control magistrates to go in field, check stocks at petrol pumps and take stern action against those who were creating crisis by hoarding petrol.

Published in The Daily National Courier, February, 10 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Pakistani runner Amjad makes mark in Istanbul Marathon

KARACHI: Pakistani runner Amjad Ali delivered standout performance at the Istanbul Marathon on Sunday, recording a time of 2 hours, 49 minutes and 29 seconds to become the country’s fastest finisher in the race. Competing among thousands at th...

Aryan sets new 50m freestyle record at swimming nationals

LAHORE: Aryan Rehman Khawar of Punjab set a new national record in the 50m freestyle event of the National Swimming Championship here at the International Swimming Pool of the Nishtar Sports Complex. Aryan in a highly impressive performance clocked...

Pakistan unveil playing XI for first ODI against Australia

MELBOURNE: Pakistan Cricket Board (PCB) has announced the playing XI for the first ODI of the three-match series against Australia, scheduled to be played at the iconic Melbourne Cricket Ground (MCG) here today. “The men’s national selec...

New Zealand beats India in third test to complete 3-0 sweep

MUMBAI: New Zealand bowled India out for 121 to seal a 25-run win in the third and final test on Sunday and complete a 3-0 series sweep. Chasing 147 for victory, India capitulated on a tricky pitch at the Wankhede Stadium to be blanked at home for th...

More like this
Related

PM Shehbaz invites Qatari investors to explore Pakistani sectors

Doha: Prime Minister Shehbaz Sharif invited Qatari investors to explore Pakistan’s various economic sectors during his official visit to Gulf country. After securing investment pledges worth $ 600 million during his Saudi Arabia trip, he is in...

FBR increases property valuations in 56 cities

The Federal Board of Revenue (FBR) has raised property valuation rates for immovable properties in 56 cities. According to details, the FBR jacked up the property valuation rates by 75% of the actual market rates starting November 1, 2024. This decis...

Pakistan Railways faces 130pc surge in bogies’ import cost

ISLAMABAD: Amid strong objections from ministries of Finance and Planning, Pakistan Railways is seeking 130 percent increase in procurement cost of around 1,050 bogies to Rs 71 billion mainly because of currency depreciation and change of specificati...

Rupee records marginal decline against dollar

KARACHI: Rupee registered marginal decline against dollar, depreciating 0.02 percent in interbank market. At close, domestic unit settled at 277.74, loss of 0.06 paisa against greenback. In interbank market bid rate for dollar was to Rs 277.74 and f...
Need Help? Chat with us