Islamabad, June 16, 2025 – Pakistan has confirmed that it currently possesses sufficient stocks of petroleum products and faces no immediate risk of supply disruption, despite escalating geopolitical tensions in the Middle East (ME).
The assurance was given during the inaugural meeting of a high-level committee formed by the Prime Minister of Pakistan to oversee petroleum market conditions in light of the regional crisis.
The committee, chaired by Finance and Revenue Minister Senator Muhammad Aurangzeb, includes senior officials from key ministries, regulatory bodies, and energy sector experts. The primary objective of the committee is to monitor petroleum supply and pricing trends amid the uncertainty following Israel’s recent strikes on Iran, which have triggered volatility in global oil markets.
According to a press release issued after the meeting, the committee conducted a thorough review of both international and domestic petroleum market dynamics. It concluded that Pakistan is currently well-positioned with adequate petroleum reserves, ensuring short-term supply stability. However, members also stressed the importance of sustained vigilance, given the fragile regional situation and its potential impact on global supply chains.
The formation of the committee highlights Pakistan’s proactive policy approach in dealing with external shocks that could affect petroleum availability and pricing. The body has been tasked with continuously monitoring petroleum futures and spot market trends, assessing forex exposure due to price fluctuations, and proposing policy responses to mitigate risks.
In addition to monitoring, the committee will also examine the fiscal implications of prolonged regional conflict and advise the government accordingly. A working group under the committee has been formed to monitor petroleum market developments daily. The full committee will meet weekly to review findings and submit policy recommendations directly to the Prime Minister.
The Petroleum Division has been designated as the secretariat to ensure seamless coordination and implementation of the committee’s decisions.
This strategic initiative underscores Pakistan’s commitment to maintaining energy security and ensuring uninterrupted petroleum supply. At a time when global markets remain sensitive to regional unrest, Pakistan is reinforcing its resilience through prudent planning and coordinated policy measures to protect national economic and energy interests.