The All Pakistan Oil Tankers Association (APOTA) threatened to go on a strike following the Oil and Gas Regulatory Authority (OGRA) raised the freight fares for oil tankers by 64%.
In a notification issued by OGRA raised the transportation fares for oil tankers in the short route by Rs141 to Rs360.62.
Fares for the long route have been increased by 20%.
The APOTA had gone on a countrywide strike in late July in protest of freight fares and the safety rules imposed by OGRA.
The protest ended after the two sides agreed to increase the freight rate of oil tankers and to resolve all other issues within 15 days