The finance ministry said on Wednesday that fuel supply across Pakistan remained “stable despite ongoing volatility in global oil markets”.
In a post on X, the ministry said that Finance Minister Muhammad Aurangzeb chaired a meeting of the committee monitoring petrol prices.
“Fuel supply across Pakistan remains stable despite ongoing volatility in global oil markets,” it said.
“Diesel stocks currently provide around 24 days of cover, while petrol availability remains comfortable, supported by steady imports and refinery operations. Incoming crude shipments and additional cargoes in transit are expected to further strengthen national reserves,” it said.
In its Monday meeting, the committee
was informed
that the March requirements were fully secured and, based on current cargo planning and supply arrangements, coverage was available up to mid-April.
“Incoming crude shipments and additional cargoes in transit are expected to further strengthen national reserves,” the ministry stated on Wednesday.
The ministry said that the committee also noted continued tightness in international petroleum markets, with rising premiums and price pressures.
“To ensure uninterrupted imports, coordination with the State Bank of Pakistan and financial institutions is being enhanced to address higher financing requirements,” it said.
“Monitoring across the supply chain has been intensified to discourage hoarding and ensure smooth nationwide distribution, particularly ahead of Eid and the harvesting season. Authorities have confirmed that depots will remain operational and no disruption in fuel availability is anticipated.”
The ministry reaffirmed that the government remained committed to maintaining energy security, ensuring an uninterrupted fuel supply, and minimising the impact of global market volatility on the public.
Unprecedented surge in
global oil prices
due to the
blockade
of Strait of Hormuz — a key waterway for ships — has also impacted Pakistan, with the government
hiking
the prices of both petrol and high-speed diesel by Rs55 from March 7.
While the government kept the petroleum prices
unchanged
, it
increased
the price of kerosene oil by Rs40 per litre on Sunday — the last review day under the weekly revision plan.
— Source: Dawn (https://www.dawn.com/news/1983421/finance-ministry-says-fuel-supply-stable-despite-ongoing-volatility-in-global-oil-markets)
