Islamabad, March 14, 2026 – The government’s Committee to Monitor Petrol Prices held a virtual meeting on Saturday to review the country’s petroleum product stocks and assess global oil market developments amid rising regional tensions.
The meeting was chaired by Finance Minister Senator Muhammad Aurangzeb and focused on ensuring stable fuel supplies across Pakistan despite volatility in international energy markets.
Petroleum Stocks at Comfortable Levels
Officials briefed the committee on the current national inventory of crude oil and refined petroleum products, including petrol, diesel, aviation fuel, and liquefied petroleum gas (LPG). Authorities informed participants that petroleum product stocks across the country remain at comfortable levels, with supply chains functioning smoothly.
The committee was also updated on ongoing import arrangements, including cargoes currently en route to Pakistan and additional shipments being planned to strengthen national reserves. Officials noted that these imports are expected to support domestic demand in the coming weeks.
Review of Global Oil Market Volatility
Members reviewed recent trends in global crude and refined petroleum markets, which have experienced sharp volatility due to geopolitical developments in the region. The committee analyzed international oil price movements, benchmark crude trends, and refined product market dynamics.
The government emphasized that it is closely monitoring global energy markets and conducting scenario planning to protect Pakistan’s energy security and economic stability.
Ensuring Smooth Supply Chain Operations
During the meeting, officials discussed operational arrangements related to crude imports, refinery operations, and maritime logistics. Authorities outlined measures being taken to maintain refinery throughput, facilitate cargo movements, and ensure uninterrupted fuel supply across the country.
The committee stressed the importance of coordination between refineries, oil marketing companies, and government institutions to maintain smooth petroleum distribution nationwide.
Fuel Conservation and Monitoring Measures
In addition to supply management, the committee reviewed potential fuel conservation and demand management measures aimed at reducing import pressures during periods of high global oil prices.
Officials also discussed progress on developing a digital monitoring dashboard to improve real-time tracking of petroleum stocks, depot inventories, and retail fuel supply conditions.
Government Focus on Energy Security
Addressing the meeting, Finance Minister Muhammad Aurangzeb said the government’s top priority is to ensure uninterrupted availability of petroleum products while minimizing the financial burden on consumers.
He noted that despite volatility in global energy markets, Pakistan’s fuel supply position remains stable due to proactive planning and coordination among relevant stakeholders.
The minister added that the committee will continue to monitor international oil prices, domestic stock levels, and supply chain conditions on a daily basis to ensure timely policy responses.
Key Participants
The virtual meeting was attended by Petroleum Minister Ali Pervaiz Malik, National Food Security Minister Rana Tanveer Hussain, Minister of State for Finance Bilal Azhar Kayani, the Governor of the State Bank of Pakistan, and senior officials from relevant ministries and regulatory bodies.
The committee reaffirmed the government’s commitment to maintaining market stability, protecting energy security, and ensuring uninterrupted fuel supply across Pakistan.