Pakistan Assures Adequate Petroleum Stocks Amid Regional Tensions
Islamabad – Pakistan’s Prime Minister Shehbaz Sharif has affirmed that the country maintains sufficient petroleum product reserves, attributing this stability to timely governmental decisions. This assurance comes as regional tensions, particularly the Middle East conflict, raise concerns about potential disruptions to global energy supplies.
Government Directives and Austerity Measures
Prime Minister Sharif chaired a meeting in Islamabad focused on enforcing austerity measures, providing public relief, and managing the nation’s petroleum reserves in light of the evolving regional situation. He directed petroleum distribution companies to adhere to government-fixed prices and ensure transparency in their operations Arab News.
The Prime Minister emphasized that economic stability and public relief remain the government’s foremost priorities. He stated the government is prepared to address any challenges arising from ongoing global tensions Radio Pakistan.
Monitoring and Consumer Reporting
The government is actively monitoring the sale of petroleum products to ensure compliance with fixed prices. A new feature has been integrated into the Pak App, allowing consumers to report instances of non-availability of fuel or price gouging. Authorities have pledged swift action on all reported complaints Radio Pakistan.
Recent Price Stability and Economic Considerations
Despite recent surges in global oil rates, the government decided against increasing domestic petroleum prices on Friday, March 13, 2026, to alleviate the financial burden on citizens Geo TV. This decision followed a previous increase of Rs55 per litre for both petrol and diesel on March 6, 2026, driven by the US-Israel war with Iran and its impact on global oil prices Geo TV.
Prime Minister Sharif acknowledged that regional tensions are exerting pressure on the global economy, potentially impacting Pakistan’s financial stability. The government has implemented austerity and fuel-conserving measures to mitigate these risks Geo TV.
Committee for Economic Stability
A committee established to ensure economic stability has been credited with making timely decisions that have maintained a continuous oil supply for the public Facebook.