ISLAMABAD: A meeting of the Petroleum Monitoring Committee, chaired by Finance Minister Muhammad Aurangzeb, reviewed the nationwide supply and demand situation of petroleum products and expressed satisfaction over current stock levels.
According to the Ministry of Finance, the supply of petrol and diesel across the country remains stable, with sufficient diesel reserves available for up to 24 days, while petrol stocks are also described as ample.
The meeting noted that global oil prices continue to rise, with ongoing regional tensions contributing to uncertainty in international markets. Officials informed participants that a crude oil shipment has arrived in Karachi, while another vessel is expected soon to further strengthen supply.
To ensure uninterrupted availability, authorities are taking proactive steps to manage incoming cargo and maintain stock levels. However, the ministry highlighted that rising import costs have increased the volume of Letters of Credit (LCs), adding to financial pressure.
The Finance Ministry directed the State Bank of Pakistan and commercial banks to facilitate imports and ensure smooth financial flows.
Officials also emphasized the need to prevent hoarding, announcing strict monitoring measures. Oil companies have been instructed to remain fully operational during Eid and the ongoing crop harvesting season to meet rising demand.
The ministry assured that fuel supply will not be disrupted across the country. A digital dashboard has been developed to monitor petrol stocks, while authorities will continue to closely track global developments on a daily basis.
