Petrol crisis.

Byline: Zuhair Ali Khan - Karachi

THIS is in response to the petrol crisis and oil marketing companies being blamed for it. The blame has been put on the oil marketing companies but, in my opinion, it has always been a matter of failed governance from a broader perspective.

One cannot deem the private sector oil companies as culprits when in actuality it is the misplaced command economy-type regulations which are causing the country to frequently run into fuel shortages. To put it into perspective, the same counter-productive policies caused damage to our Pakistani rupee when Ishaq Dar was blindly propping up the rupee against the dollar.

Petroleum product pricing must be allowed to reach an...