FPCCI urges govt to withdraw hike in prices of petroleum products.

ISLAMABAD -- The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Anjum Nisar has urged the government to withdraw the decision of hike in prices of petroleum products, as the move might wipe up relief of markup rate cut announced for the industry recently.

In a statement issued here on Monday, the chief of apex body of all Chambers and Trade Associations called for taking strict action against companies for not providing the petroleum products at lower prices, instead of surrendering before such elements in the larger interest of the country.

'It is good that the government took the ongoing issue of oil supply chain disruption as serious and tried its best to address the matter, which led to serious shortage in many parts of the country, but abrupt hike in prices of petroleum...

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