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Petrol supply stable, stocks ‘comfortable’ despite global oil turmoil: Finance Ministry

by Sub News
March 24, 2026
Petrol supply stable, stocks ‘comfortable’ despite global oil turmoil: Finance Ministry
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Islamabad, March 24, 2026: Pakistan’s petroleum supply chain remains stable, with sufficient stocks and secured imports ensuring uninterrupted availability of fuel across the country, officials said on Tuesday.

The assurance came during a high-level meeting of the committee formed to monitor petroleum prices, chaired by Finance Minister Muhammad Aurangzeb, to review the energy supply situation and assess global oil and gas market trends amid evolving geopolitical tensions.

According to the Ministry of Finance, the committee conducted a forward-looking assessment of the national petroleum outlook, noting that inventories of crude oil and refined products remain at “comfortable levels,” supported by secured import arrangements and ongoing domestic production.

Officials informed the meeting that cargo inflows are continuing as scheduled, with petrol shipments for March and April largely secured. Additional cargoes are also being planned to further strengthen supply buffers.

Supply lines—from import terminals to refineries, storage facilities, and retail outlets—were reported to be operating in a “stable and orderly manner,” ensuring seamless fuel distribution nationwide. Refineries are functioning at regular production levels, with efforts underway to maintain optimal throughput and efficient crude processing.

The meeting also reviewed global energy market trends and their potential impact on domestic prices. The committee noted that the government is closely monitoring international price movements and evaluating their transmission into the local market to ensure balanced and timely policy decisions.

Participants emphasized the need for operational readiness across the energy chain, directing refineries to sustain optimal output levels to avoid supply disruptions. The committee also reviewed government-to-government engagements aimed at diversifying fuel sourcing, enhancing storage capacity, and ensuring flexible procurement and financing arrangements with key partner countries.

“These coordinated efforts are aimed at reinforcing energy security and safeguarding supply continuity under evolving market conditions,” the ministry said.

Finance Minister Aurangzeb highlighted that proactive planning, diversified procurement, and close coordination among stakeholders have helped Pakistan maintain a stable supply position despite global volatility. He directed relevant authorities to continue vigilant monitoring of international developments, stock levels, and supply chain dynamics.

The developments come amid heightened global uncertainty triggered by escalating tensions involving Iran, Israel, and the United States, which have disrupted global oil markets and pushed prices upward.

Earlier this month, the government increased petrol and high-speed diesel prices by Rs55 per litre to absorb the impact of the crisis. It also introduced austerity measures, including a 50 per cent cut in fuel allowances for official vehicles, a four-day work week, and partial work-from-home arrangements for public sector employees, excluding essential services.

The government has also urged citizens to adopt fuel conservation practices to mitigate the risk of supply pressures. In a recent move, Prime Minister Shehbaz Sharif approved a Rs200 per litre increase in levy on high-octane fuel, primarily used in luxury and high-performance vehicles, as part of broader efforts to manage the ongoing energy crisis

Officials reiterated that ensuring uninterrupted fuel availability remains the government’s top priority, with continued coordination and prudent planning guiding efforts to maintain market stability and national energy security.

Tags: cargoesFinance Ministerglobal oil turmoilIslamabadMinistry of FinanceMuhammad AurangzebPakistanpetrol supply
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