The All Pakistan Oil Tanker Owners Association (APOTOA) earlier today, withdrew their strike after successful negotiations with the government.
The strike by APOTOA had caused an acute shortage of in several parts of the country.
The shortage manifested after the government notified a decrease of Rs 3 per litre in the price of petrol and diesel which became effective as of today.
Chairman Petroleum and CNG Association Shabir Sulemanji had confirmed earlier in the day, that 30 percent of fuel stations in Karachi had run out of petrol and diesel due to the strike.
However on Tuesday that petrol was available at only about 20 to 25 percent of fuel stations.
It was also reported that some fuel stations were illegally selling petrol in black at exorbitant rates of up to Rs100 per litre.
Some parts of Sindh and Punjab have also begun to feel the pinch of the shortage, with fears that the shortage may spiral out of control.