Karachi: The Pakistan Vanaspati Manufacturers Association (PVMA) has demanded reduction in oil tankers’ fares proportionate to the fall in petroleum prices.
PVMA Chairman Atif Ikram said that the Oil Tankers Association has slashed transport fares merely less than one per cent since the fall in petroleum prices, though the fares should have been cut by at least 10 per cent.
He claimed that they have paid extra Rs. 25 million since the petroleum prices started to come down; therefore, they are unable to provide relief of falling fuel prices to consumers.
The general body of the PVMA has demanded of the oil tankers association to cut fares by 10 per cent from February 01, 2015. A four-member committee has been formed to hold talks with the oil tankers association.
PVMA chairman Atif Ikram chaired general body meeting of the association which reviewed the supply situation of cooking oil and ghee from Karachi to other parts of the country.
The general body demanded reduction in oil tankers fares. The meeting recommended that just like inter-city bus fares, oil tanker fares should also be regulated by the government. The meeting also called for a substantial reduction in freight charges.
Atif Ikram said that after a reduction in transport costs a substantial cut in cooking oil and ghee prices may be considered.