Shift in petrol pump dealers’ logic

Published Jun 28, 2012 12:05am

THIS is regarding the recent shortage of gasoline at petrol pumps immediately after the reduction in prices. I just want to raise a point that whenever there is price rise announced by the authorities concerned, the dealers happily increase all prices without even thinking for a moment that they had bought all earlier stocks at the lower prices.

However, whenever (which is rare indeed) there is reduction in prices, the dealers block selling of petrol immediately, giving the excuse that they had bought the inventory at higher prices, so why should they sell it at lower prices. They say they will sell only when cheaper supplies come in.

Apparently, it is a logical principle but it should also be applied when there is price hike. Then they should sell all previous stocks at lower prices and increase prices only when the next or rather expensive supplies come in.

Secondly, I also want to draw the attention of the authorities concerned towards the sudden enhancement of transport fares that are not increased in proportion to the gasoline price rise but many times over which is most unfair and unacceptable. In contrast, transporters never bother reduction in fares even in line with the fall in prices.

MUHAMMAD NAEEM Karachi

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Comments (6) (Closed)


Umer Baloch
Jun 29, 2012 04:37am
Its a fact that we have to live with; there is no respect for average citizen in this country anymore!
sane voice
Jun 29, 2012 04:47am
well said
azharali
Jun 29, 2012 10:51am
averages are always dangerous. yes, you are right umer. people driving fielder automatic are severly hit by the price hike in petrol.
Nadeem
Jun 29, 2012 01:29pm
Goood effort by Naeem sb. I also faced trouble in last days.
azharali
Jun 29, 2012 10:16am
Naeem Sb. your analysis is very true, infact it reminds me of the economic phenomena that prices are sticky downwards. But above all, your approach of raising voice over important issues face us all is really commendable!
Armughan
Jun 28, 2012 09:50am
What can we say Naeem Sb. They do what they do and each day we have to "go" to the office to earn our bread and butter....... Nothing will happen....... The law is really blind