ISLAMABAD: To avert potential fuel shortages in the wake of ongoing regional tensions, the government has secured alternative supply arrangements for fuel from the Gulf region.
A virtual meeting of the Committee to Monitor Petrol Prices was held on Saturday, chaired by Finance Minister Muhammad Aurangzeb. The meeting was part of the committee’s ongoing daily review of the energy sector.
The panel conducted a comprehensive review of petroleum product stocks nationwide and received briefings on the current inventory of crude oil and refined products, ongoing import arrangements and supply chain logistics. Members were updated on cargoes currently en route and additional shipments being arranged to bolster national reserves.
The committee noted with satisfaction that petroleum product stocks remain at comfortable levels and supply chains are functioning smoothly, with adequate arrangements to ensure supply continuity in the coming weeks.
It also reviewed recent volatility in global crude and refined petroleum markets, driven by geopolitical developments in the region. Members examined international price trends, benchmark crude movements and refined product market dynamics and discussed potential external scenarios and their implications for Pakistan’s energy sector and broader economy. It was noted that the government continues to closely monitor international market developments and is undertaking continuous scenario planning to safeguard domestic energy security and economic stability.
Operational arrangements related to crude imports, refinery operations and maritime logistics were also reviewed. Relevant authorities briefed the committee on measures to facilitate cargo movements, maintain optimal refinery throughput and ensure the uninterrupted functioning of petroleum supply chain. The panel emphasised the importance of close coordination among refineries, oil marketing companies and relevant government institutions to sustain smooth product flows and nationwide fuel availability. Members were briefed on the supply outlook for diesel, petrol, aviation fuels and LPG. Current supply levels and planned imports are expected to adequately meet domestic demand in the coming weeks. It was observed that relevant authorities remain actively engaged in monitoring stock levels, shipment schedules and distribution networks to ensure an uninterrupted market supply.
Beyond supply-side measures, the committee reviewed targeted fuel conservation and demand management options aimed at moderating import requirements during periods of international price volatility. Various potential measures related to efficient fuel consumption and public sector conservation initiatives were discussed, with the understanding that responsible consumption can help reduce import pressure while supporting broader economic stability.
The committee also reviewed progress on strengthening monitoring mechanisms across the petroleum supply chain, including the development of a digital dashboard to enhance real-time visibility of stock levels, depots and retail supply conditions. It was agreed that improved data integration and monitoring will further strengthen oversight and facilitate timely decision-making.
Chairing the meeting, Aurangzeb emphasised that the government’s foremost priority remains ensuring the uninterrupted availability of petroleum products across the country while minimising the burden on the public. He noted that although global energy markets are experiencing significant volatility, Pakistan’s supply position remains stable due to proactive planning and close coordination among stakeholders.
The finance minister further stated that the committee will continue to monitor developments in international energy markets, domestic stock positions and supply chain dynamics on a daily basis to ensure timely and coordinated policy responses. He reiterated that the government is fully committed to maintaining market stability, safeguarding national energy security and ensuring uninterrupted supply chains during this evolving global situation.
The virtual meeting was attended by Minister for Petroleum Ali Pervaiz Malik, Minister for National Food Security and Research Rana Tanveer Hussain, Minister of State for Finance Bilal Azhar Kayani, the SBP governor, federal secretaries and senior officials from relevant ministries, divisions and regulatory bodies.
