Pre-midnight petrol sales drop as prices fall

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LAHORE – As soon as the Prime Minister Yousaf Raza Gilani announced the decrease in petroleum prices, people stopped purchasing petrol on Thursday night. New petroleum prices were implemented from last midnight, thus people waited for the date to change before they buy petrol. Petrol pump owners said their sales dropped sharply as soon the announcement was made.
Pakistan Petroleum Dealers Association (PPDA) Chairman Abdul Sami Khan, while talking to Pakistan Today, said every petrol pump in the country will incur a loss of around Rs 150,000 to Rs 200,000 owing to the decrease in prices. “The option of stopping sales is not viable, as the prices have decreased,” he said. “When prices increase, we earn good money. Now when prices have decreased, we are ready for loss,” he said adding that majority of petrol pumps purchased lesser quantity than routine, as there were reports that government will lower prices.

1 COMMENT

  1. Dear Sir/Madam ,
    Please be informed that Mr.Mehar Arshad
    Mehmood ,M.D of Zoom Petroleum Pvt Ltd, is involved in fraudulent
    activities . The Magistrate Sec.30
    has ordered the Police to make sure his presence before the court on
    13.12.2011. The Magistarte has admitted case under section
    420/467/468/109 PPC against him . The Police came to the office of the
    Zoom Petroleum on 29.11.2011 but they could not find the accused ,Mr.
    Mehar Arshad Mehmood .

    The particulars of the company are as under:

    ZOOM PETROLEUM LIMITED
    6-A/1 LINK, M. M. ALAM ROAD
    GULBERG III
    LAHORE
    PABX: 042-35750166-68
    FAX: 042-35750169

    MR. MEHAR ARSHAD MEHMOOD
    MANAGING DIRECTOR


    ============================================================
    Habib Lawyers
    Civil ,Criminal , Income Tax, Anti-Corruption ,Banking , Consumer
    ,Anti-Terrorism and Revenue Court Lawyers

    Chamber: District Courts Jhang,Punjab Pakistan
    Office :Nawaz Chok ,Jhang,Punjab,Pakistan
    Tel :0092-302-7749631

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