Pakistan has approved a new arrangement allowing foreign petroleum suppliers to store fuel in customs-bonded facilities inside the country without immediately clearing the products through customs.

The Economic Coordination Committee (ECC) approved the Petroleum Division’s proposal on Monday.

Under the new arrangement, foreign suppliers can keep petroleum products at approved bonded storage facilities while the products remain under the customs-bonded regime.

The government says the move will strengthen Pakistan’s energy security, support the development of strategic petroleum reserves and make the country’s fuel supply chain more resilient.

The policy covers several petroleum and energy products, including crude oil, petrol, high-speed diesel, jet fuel, furnace oil, LPG and LNG.

The government has been reviewing its fuel supply policies amid regional supply risks and concerns over disruptions that could affect petroleum imports.