The Government of Pakistan has assured citizens that petrol and diesel stocks remain stable and at comfortable levels, despite ongoing volatility in regional and global oil markets.
A meeting of the Cabinet Committee to Monitor Petrol Prices, chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, reviewed the nation’s petroleum stocks, import plans, and refinery operations. Diesel stocks currently provide 23–24 days of cover, while petrol availability remains secure. Crude oil reserves offer around 11 days of cover, with additional cargoes in transit and committed volumes expected to sustain refinery operations through April.
The Petroleum Division reported that import plans for April are actively managed, with significant volumes secured through both commercial and government-to-government arrangements. Refinery operations are being maintained at optimal levels, maximizing crude conversion into refined products to meet domestic demand.
Committee members noted the continued volatility in international oil markets, with rising benchmark prices and cargo premiums reflecting supply-side uncertainties linked to regional developments. Discussions emphasized prudent procurement strategies under existing contracts, including government-backed engagements offering lower costs than prevailing spot rates.
Operational arrangements for fuel imports—including shipping, insurance, and logistics—were reviewed, with the Committee stressing the importance of transparency and uninterrupted supply. Domestic demand trends were also monitored, and authorities were directed to prevent speculative stockpiling and ensure smooth distribution nationwide.
The Committee further reviewed progress on digital monitoring of the petroleum supply chain, fuel specification, pricing optimization, and the development of a strategic petroleum reserves framework, in line with directions from the Prime Minister.
Chairing the meeting, Finance Minister Senator Aurangzeb reiterated that the government’s top priority is to ensure uninterrupted availability of petroleum products while mitigating the impact of global price fluctuations on the public.
The meeting was attended by Federal Ministers Ali Pervaiz Malik, Dr. Musadik Masood Malik, Rana Tanveer Hussain, Muhammad Junaid Anwar Chaudhry (virtually), and Jam Kamal Khan (virtually), alongside federal secretaries and senior officials from relevant ministries and regulatory authorities.
