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Goods Transporters Suspend Operations After Fuel Hike

Goods transporters have suspended operations at Karachi ports and threatened to go on strike after a late-night hike in fuel prices, leading to fears of nationwide supply-chain issues.

The head of the Karachi Goods Transport Association, Rana Aslam said that an unprecedented hike in fuel prices and inflation is unacceptable for them. He remarked:

“We have suspended our operations at the ports and summoned a meeting to chalk out a future strategy against the hike in fuel prices.”

He said that a nationwide strike and other strict measures will be mulled over during the meeting. “We will also mull over hike in transport fares,” he said and added that they have no other option to shut down their operations.

The newly imposed coalition government on 16th June has jacked up petrol price by Rs 24 per liter. The announcement was made by Finance Minister Miftah Ismail while addressing a press conference in Islamabad, citing government was not in a position to bear more subsidies anymore. This is the third major price push within the span of just 20 days. So far fuel prices have gone by Rs 84, from Rs 150 per liter in May to Rs 234 per liter today.

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