LCCI calls for resolution of petroleum dealers’ issues

LAHORE, (APP - UrduPoint / Pakistan Point News - 22nd Jul, 2026) Lahore Chamber of Commerce and Industry (LCCI) Faheem-ur-Rehman Saigol Wednesday urged the Federal government to immediately engage with petroleum dealers and address their concerns through meaningful consultation.

He said that any disruption in fuel supplies would not only affect transportation and logistics but also have far-reaching consequences for trade, industry, agriculture and daily economic activity across the country.

LCCI President said that petroleum products serve as the backbone of economic activity and any interruption in their supply chain could create serious challenges for businesses. He stressed that government should make every effort to resolve the matter through dialogue and consensus-building so that normal economic activity continues uninterrupted.

Saigol said that announcement of a nationwide strike by petroleum outlets should be viewed as a matter requiring immediate attention, asserting that stakeholders' concerns should be addressed through institutional consultation. He added that sustainable policymaking is only possible when all stakeholders are taken into confidence.

Commenting on the proposed daily petroleum pricing mechanism, he said that business community has serious concerns regarding the uncertainty that such a system could create.

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He noted that fuel prices have a direct bearing on transportation costs, production expenses, distribution networks, freight charges and retail pricing. Frequent changes in petroleum prices would make it increasingly difficult for businesses to accurately calculate costs, prepare budgets and make informed commercial decisions.

“Businesses need predictability to operate efficiently. Manufacturers, traders, exporters, transporters and retailers prepare their costing and pricing structures based on known input costs. Under a daily pricing system, businesses would remain uncertain about fuel prices from one day to the next, making it difficult to plan operations and determine actual costs,” he argued.

Saigol said that while transparency and alignment with international prices are important objectives, they must be balanced with the realities faced by businesses operating on the ground. Economic policies should provide stability and predictability rather than creating an environment where businesses are unable to forecast costs even for the coming day.