Sharp fall in petrol prices leads to hike in sale

Sharp fall in petrol prices leads to hike in sale
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Summary Last year in September, petrol price was Rs 106.56 which has been cut to Rs 73.76 this year.

KARACHI (Dunya News) – Petrol prices in the country have fallen sharply over the past one year, leading to its significant sale among public.

During the past three months, 38% increase in petrol sale has been recorded as a result of 28% decrease in petrol prices in one year.

Besides this, the sale of motorcycles has also intensified as in only September, 26% rise in its retailing have been observed whereas in the first 3 months of the current fiscal year, 2,13,000 motorcycles were sold.

On the other hand, car drivers now prefer to fill petrol in their vehicles instead of waiting in long queues on CNG stations.

Last year in September, petrol price was Rs 106.56 which has been cut to Rs 73.76 this year.

The country recovered from the grip of one of its worst power crises in years due to fuel shortage that led to worsening power blackouts. The shortfall led to long queues of angry motorists at petrol stations, though these have since dissipated as fuel supplies have reached the pumps.
 

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