Fuel supplies for March, April secured despite global crisis, assures Aurangzeb

ISLAMABAD: Pakistan’s fuel supply remains stable with sufficient reserves and secured imports, officials were told during a high-level review meeting chaired by Finance Minister Muhammad Aurangzeb on Tuesday.

According to the Ministry of Finance Pakistan, petrol cargoes for March and April have largely been secured, with additional shipments planned to further strengthen supply buffers amid global market uncertainty.

The meeting of the committee monitoring petroleum prices reviewed stock availability across the energy chain, noting that inventories of crude oil and refined products remain at “comfortable levels," supported by steady imports and ongoing domestic production.

Officials said supply lines — from import terminals to refineries, storage facilities and retail outlets — are functioning smoothly, ensuring uninterrupted fuel availability nationwide. Refineries are also operating at normal production levels, maintaining optimal throughput to meet demand.

The committee conducted a forward-looking assessment of global oil and gas markets, evaluating price trends and their potential impact on domestic rates. Authorities are actively examining the gap between international and local prices to guide timely policy decisions.

The meeting also highlighted efforts to strengthen energy security through diversified sourcing strategies and government-to-government engagements with key partner countries, aimed at enhancing storage capacity, logistics, and procurement flexibility.

Aurangzeb emphasised that proactive planning and coordination had helped Pakistan maintain supply stability despite global volatility, directing authorities to continue close monitoring of international developments and supply chain dynamics.

He reiterated that ensuring uninterrupted fuel availability remains the government’s top priority, stressing the need for continued vigilance and strategic planning.

The review comes against the backdrop of a global oil crisis triggered by escalating tensions involving the United States, Israel and Iran. Earlier this month, the government raised petrol and diesel prices by Rs55 per litre, alongside austerity measures such as reduced fuel allowances, a four-day work week, and increased remote working in the public sector.

Last week, authorities also urged citizens to conserve fuel to avoid potential supply disruptions, while Prime Minister Shehbaz Sharif approved a Rs200 per litre levy increase on high-octane fuel used primarily in luxury vehicles.