Amid increasing volatility in global energy markets due to regional geopolitical developments, the government has confirmed that Pakistan’s petroleum supply is stable, with comfortable stock levels and smoothly functioning supply chains.
The assurance came during a virtual meeting of the Petroleum Price Monitoring Committee chaired by Finance Minister Muhammad Aurangzeb on Sunday, which took a comprehensive review of the country’s stock positions of petroleum products.
The panel was briefed on the current national inventory of crude oil and refined products, alongside ongoing import arrangements and supply chain logistics.
The committee scrutinised recent developments in global crude and refined petroleum markets, examining international price trends, benchmark crude movements, and the dynamics of the refined product market to assess their potential implications for Pakistan”s economy.
It was noted that the government is undertaking continuous scenario planning to counter potential external shocks, with a focus on safeguarding domestic energy security and economic stability through close monitoring of international market developments.
Operational arrangements concerning crude imports, refinery operations, and maritime logistics also came under review. Relevant authorities briefed the committee on measures being taken to facilitate cargo movements and maintain optimal refinery throughput.
Speaking on the occasion, the Finance Minister expressed the government”s commitment to maintaining market stability. He acknowledged the significant volatility in global energy markets but highlighted that Pakistan”s supply position is secure due to proactive planning and close coordination among relevant stakeholders.
The committee stressed the importance of maintaining close coordination among refineries, oil marketing companies, and relevant government institutions to sustain smooth product flows and ensure nationwide fuel availability.
The body was informed about cargoes currently en-route and additional shipments being organised to strengthen national reserves. Members also received a briefing on the supply outlook for diesel, petrol, aviation fuels, and Liquefied Petroleum Gas (LPG).
Progress on enhancing monitoring mechanisms was also reviewed, including the development of a digital dashboard for real-time visibility of stock levels, depots, and retail supply conditions. It was agreed that improved data integration would further strengthen oversight and facilitate timely decision-making.