The Committee to Monitor Petrol Prices, formed by the Prime Minister in light of regional developments, met today under the chairmanship of Finance Minister Senator Muhammad Aurangzeb at the Finance Division.

The Committee reviewed national petroleum stocks and supply chains, including petrol, diesel, aviation fuel, LPG, and crude oil, assessing days of cover and daily consumption patterns. Global oil market trends, including benchmark price movements, shipping routes, freight costs, and uncertainties in the Strait of Hormuz, were also analyzed.

LNG and LPG supplies were discussed, with officials noting that while long-term LNG contracts remain vital, regional shipping disruptions could affect imports. Cross-border LPG inflows are being closely monitored to ensure uninterrupted domestic supply.

Contingency measures to secure supply were deliberated, including engagement with international partners, exploring alternative sourcing routes, and diversifying procurement through ports in the Red Sea and Gulf region. Energy conservation measures were also emphasized to manage demand efficiently while maintaining stable market conditions.

The Finance Minister underscored that ensuring uninterrupted availability of petroleum products is the Government’s top priority. Authorities have been directed to prevent hoarding, diversion, or smuggling, particularly amid international volatility. Provincial governments are coordinating to safeguard domestic fuel supplies.

The Committee decided that Chief Secretaries of all provinces will join tomorrow’s meeting to finalize the national action plan. The session was attended by Federal Ministers Ali Pervaiz Malik, Rana Tanveer Hussain, Sardar Awais Ahmad Khan Leghari, Bilal Azhar Kayani, along with federal secretaries and senior officials from relevant ministries and regulatory bodies.