Petroleum Dealers Demand Forensic Audit to Lower Fuel Prices by PKR 50

KARACHI: Petroleum dealers in Karachi have called for a forensic audit of refinery profits, claiming that such an investigation could lead to a reduction in fuel prices by PKR 50 per liter. The urgent meeting convened by the dealers focused on the pressing issues of profit margins and public relief amidst rising fuel costs.

Malik Khuda Bakhsh, a representative of the petroleum dealers, emphasized the necessity of transparency in the refinery sector. He stated, “If a forensic audit is conducted, it will reveal the actual profit margins of the refineries, which could significantly lower the price of petrol for consumers.” The dealers expressed concerns over the lack of accountability in the pricing mechanisms currently in place.

This demand for a forensic audit comes at a time when citizens are grappling with high inflation and increased living costs. A reduction in fuel prices could provide much-needed relief to the public and stimulate economic activity, as transportation costs are a significant factor in overall inflation.

In response to these developments, the petroleum dealers plan to approach government officials to discuss their demands further. They are also expected to hold additional meetings to strategize their next steps in advocating for consumer rights and fair pricing.