The Committee to Monitor Petroleum Prices says petroleum product stocks remain at comfortable levels and supply chains are functioning smoothly, with adequate arrangements in place to ensure continuity of supply in the coming weeks.
The Committee which virtually met today with Finance Minister Muhammad Aurangzeb in the chair undertook a comprehensive review of petroleum product stock positions across the country.
It was briefed on the current national inventory of crude oil and refined petroleum products, ongoing import arrangements, and supply chain logistics.
The Committee also reviewed recent developments in global crude and refined petroleum markets, which have experienced heightened volatility in recent days due to geopolitical developments in the region.
The meeting examined international price trends, benchmark crude movements, and refined product market dynamics, and discussed possible external scenarios and their potential implications for Pakistan’s energy sector and broader economy.
It was noted that the government continues to closely monitor international market developments and is undertaking continuous scenario planning to safeguard domestic energy security and economic stability.
The meeting further reviewed operational arrangements related to crude imports, refinery operations, and maritime logistics.
Relevant authorities briefed the Committee on measures being taken to facilitate cargo movements, maintain optimal refinery throughout, and ensure the uninterrupted functioning of the petroleum supply chain.
The Committee emphasized maintaining close coordination among refineries, oil marketing companies, and relevant government institutions to sustain smooth product flows and nationwide fuel availability.
Speaking on the occasion, the Finance Minister expressed the government’s commitment to maintain market stability, safeguard national energy security, and ensure that supply chains remain uninterrupted during this evolving global situation.
He noted that global energy markets are currently experiencing significant volatility but Pakistan’s supply position remains stable due to proactive planning and close coordination among relevant stakeholders.
The Committee was informed about cargoes currently en-route as well as additional shipments being arranged to strengthen national reserves. Members were also briefed on the supply outlook for diesel, petrol, aviation fuels and LPG.
The Committee also reviewed progress on strengthening monitoring mechanisms across the petroleum supply chain, including the development of a digital dashboard to enhance real-time visibility of stock levels, depots, and retail supply conditions. It was agreed that improved data integration and monitoring will further strengthen oversight and facilitate timely decision-making.
