Pakistan's Minister of State for Petroleum Musadik Malik said that the government cannot provide 24x7 gas supply throughout the country, reported The News International as the issue of load-shedding has become a daily problem amid the deteriorating economic crisis.

"We cannot provide gas 24 hours as our reserves have dropped," he stated, further adding the officials would ensure that the gas load-shedding ends during ‘sehri’ and ‘iftar’.

Malik further said that he will be visiting Karachi soon to resolve the issue of gas supply which people are facing. "The gas bill of the rich and poor has been separated; rich people will have to pay more now," said the minister.

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Pakistan's Prime Minister Shehbaz Sharif had earlier directed the officials to ensure that people get uninterrupted supply of gas, stating that the officials will supervise the process and they will not tolerate any negligence, said the report.

The minister gave the statement as the suspension of supplies to industries and power plants was announced by the Sui Southern Gas Company (SSGC) last week amid low supply of gas.

SSGC stated that there has been a decrease in the volume of gas in pipelines due to reduced supply. Reacting to the statement of SSGC, the Karachi Chamber of Commerce and Industry (KCCI) called for immediate action by the government over the gas supply shortage which people in Karachi are facing.

Without gas, industries cannot function and will be forced to stop production, said KCCI.

WATCH | Gravitas Plus: Pakistan's Economic Crisis Explained

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"It's highly unfair to have such an attitude towards Karachi's business community which, despite facing so many odds and challenges, contributes around 54 per cent in terms of exports and more than 68 per cent in terms of revenue," said KCCI president Muhammad Tariq Yousuf.

Meanwhile, India revised the pricing mechanism for natural gas produced in bulk amounts by state-run explorers — 10% of India’s monthly average import price of crude oil with a floor of $4 per unit and a cap of $6.5.

The step will effectively cut down the price of piped natural gas (PNG) which is supplied to kitchens and compressed natural gas (CNG) which is used in automobiles by around 11 per cent from Saturday.&nbsp;

(With inputs from agencies)

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Pakistan's Minister of State for Petroleum Musadik Malik said that the government cannot provide 24x7 gas supply throughout the country, reported The News International as the issue of load-shedding has become a daily problem amid the deteriorating economic crisis.

Pakistan's Minister of State for Petroleum Musadik Malik said that the government cannot provide 24x7 gas supply throughout the country, reported The News International as the issue of load-shedding has become a daily problem amid the deteriorating economic crisis. "We cannot provide gas 24 hours as our reserves have dropped," he stated, further adding the officials would ensure that the gas load-shedding ends during ‘sehri’ and ‘iftar’. Malik further said that he will be visiting Karachi soon to resolve the issue of gas supply which people are facing. "The gas bill of the rich and poor has been separated; rich people will have to pay more now," said the minister. ALSO READ | Saudi Arabia refuses to provide interest-free loans to Pakistan, demands reforms Pakistan's Prime Minister Shehbaz Sharif had earlier directed the officials to ensure that people get uninterrupted supply of gas, stating that the officials will supervise the process and they will not tolerate any negligence, said the report. The minister gave the statement as the suspension of supplies to industries and power plants was announced by the Sui Southern Gas Company (SSGC) last week amid low supply of gas. SSGC stated that there has been a decrease in the volume of gas in pipelines due to reduced supply. Reacting to the statement of SSGC, the Karachi Chamber of Commerce and Industry (KCCI) called for immediate action by the government over the gas supply shortage which people in Karachi are facing. Without gas, industries cannot function and will be forced to stop production, said KCCI. WATCH | Gravitas Plus: Pakistan's Economic Crisis Explained "It's highly unfair to have such an attitude towards Karachi's business community which, despite facing so many odds and challenges, contributes around 54 per cent in terms of exports and more than 68 per cent in terms of revenue," said KCCI president Muhammad Tariq Yousuf. Meanwhile, India revised the pricing mechanism for natural gas produced in bulk amounts by state-run explorers — 10% of India’s monthly average import price of crude oil with a floor of $4 per unit and a cap of $6.5. The step will effectively cut down the price of piped natural gas (PNG) which is supplied to kitchens and compressed natural gas (CNG) which is used in automobiles by around 11 per cent from Saturday. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

Pakistan cannot supply gas 24/7 across country, rich have to pay more now: Petroleum minister

The government in Pakistan on Wednesday said that there have been no plans to increase the prices of fuel and warned the oil companies to not stockpile petrol after consumers complained about no availability of petrol at pumps.&nbsp;

Speaking to reporters, Minister of State for Petroleum Musadik Malik said that the nation had enough fuel for the next 20 days, in accordance with regulatory requirements, and that the shortages faced by the consumer are because of stockpiling by oil marketing companies.

"I am requesting and warning companies... their licences will be taken away," said the minister.&nbsp;

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Speaking to Reuters, Pakistan's Oil Companies Advisory Council's (OCAC) member said that fuel is being sold by only a few licensed companies while others have not been selling fuel either due to hoarding or due to financial issues.

He added that while help is being provided by the petroleum ministry in processing letters of credit for importing the fuels, however, the low foreign exchange reserves and artificial curbs in the country have remained a hindrance.

Few consumers in the most populous province of Pakistan, Punjab, complained that petrol stations were closed and others stations were putting a limit on the amount of fuel a person can buy.&nbsp;

A businessman and resident of Punjab Ali Malik said that he made a visit to the cities of Wazirabad, Lahore and Sialkot and where he struggled in filling up his vehicle, in the last few days.&nbsp;

WATCH |&nbsp;Pakistan: Fuel shortage at petrol pumps in Punjab

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"I went to Sialkot where I found the majority of petrol stations closed. When I saw a functioning fuel station, I could not get more than eight litres," he stated, adding that similar challenges were faced by him in other cities.

Pakistan Petroleum Dealers Association's chairperson Abdul Sami Khan said that the shortage is fuel is not because of dealers and that the oil marketing companies have failed in supplying enough fuel.&nbsp;

"Consumers think we're not giving them fuel and they blame us - but we aren't being supplied enough," he added.&nbsp;

(With inputs from agencies)

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The government in Pakistan on Wednesday said that there have been no plans to increase the prices of fuel and warned the oil companies to not stockpile petrol after consumers complained about no availability of petrol at pumps.

The government in Pakistan on Wednesday said that there have been no plans to increase the prices of fuel and warned the oil companies to not stockpile petrol after consumers complained about no availability of petrol at pumps. Speaking to reporters, Minister of State for Petroleum Musadik Malik said that the nation had enough fuel for the next 20 days, in accordance with regulatory requirements, and that the shortages faced by the consumer are because of stockpiling by oil marketing companies. "I am requesting and warning companies... their licences will be taken away," said the minister. ALSO READ | Pakistan FM announces Rs 35 hike in prices of petrol and diesel; Imran Khan slams govt Speaking to Reuters, Pakistan's Oil Companies Advisory Council's (OCAC) member said that fuel is being sold by only a few licensed companies while others have not been selling fuel either due to hoarding or due to financial issues. He added that while help is being provided by the petroleum ministry in processing letters of credit for importing the fuels, however, the low foreign exchange reserves and artificial curbs in the country have remained a hindrance. Few consumers in the most populous province of Pakistan, Punjab, complained that petrol stations were closed and others stations were putting a limit on the amount of fuel a person can buy. A businessman and resident of Punjab Ali Malik said that he made a visit to the cities of Wazirabad, Lahore and Sialkot and where he struggled in filling up his vehicle, in the last few days. WATCH | Pakistan: Fuel shortage at petrol pumps in Punjab "I went to Sialkot where I found the majority of petrol stations closed. When I saw a functioning fuel station, I could not get more than eight litres," he stated, adding that similar challenges were faced by him in other cities. Pakistan Petroleum Dealers Association's chairperson Abdul Sami Khan said that the shortage is fuel is not because of dealers and that the oil marketing companies have failed in supplying enough fuel. "Consumers think we're not giving them fuel and they blame us - but we aren't being supplied enough," he added. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

Pakistani minister confirms 'adequate' fuel supplies, warns companies against stockpiling

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Pakistan cannot supply gas 24/7 across country, rich have to pay more now: Petroleum minister

Pakistani minister confirms 'adequate' fuel supplies, warns companies against stockpiling