ISLAMABAD (MNN); The government on Tuesday assured that petroleum supplies across Pakistan remain stable, with sufficient fuel cargoes secured for March and April despite ongoing global uncertainties.
The assurance came during a meeting on fuel prices chaired by Finance Minister Muhammad Aurangzeb in Islamabad, according to a statement issued by the Finance Division Pakistan.
Officials informed the meeting that the country currently holds comfortable reserves of crude oil and refined petroleum products, providing relief to consumers. Authorities added that the entire supply chain — from import terminals and refineries to storage depots and petrol pumps — is operating smoothly.
The government is closely monitoring international energy markets to anticipate any disruptions that could impact local fuel availability. Additional shipments are being arranged to strengthen reserves, while refineries continue to function at normal capacity to ensure uninterrupted supply.
The meeting emphasized the need to keep the energy system fully prepared, directing refineries to maintain consistent output. Aurangzeb highlighted that effective planning and coordination have enabled Pakistan to maintain stability in fuel supplies despite volatile global conditions.
He reiterated that ensuring uninterrupted availability of petroleum products remains a top government priority.
The session was attended by key cabinet members, including Sardar Awais Ahmad Khan Leghari, Rana Tanveer Hussain, Junaid Anwar Chaudhary, and Bilal Azhar Kayani.
Meanwhile, sources indicated that the government is preparing for a significant increase in petroleum prices. Petrol prices may rise by Rs55 per litre, while high-speed diesel could see an increase of Rs75 per litre.
According to reports, the Oil and Gas Regulatory Authority is expected to submit revised pricing proposals to the Petroleum Division within the next two days. Final approval is likely to be granted by Prime Minister Shehbaz Sharif.
Officials suggested that instead of implementing the full increase at once, the government may introduce the price hike in phases over a two-week period.
