Islamabad, March 8, 2026 — Shehbaz Sharif, Prime Minister of Pakistan, is set to unveil the government’s austerity and savings plan on Monday, aimed at stabilizing the national economy amid rising global fuel prices caused by the ongoing US-Israel-Iran conflict.
(more…)Tag: petroleum products
-

Aurangzeb, Maryam Nawaz review petroleum reserves in Punjab
Lahore, March 8, 2026 — Muhammad Aurangzeb, Pakistan’s Minister for Finance and Revenue, on Sunday met Maryam Nawaz, Chief Minister of Punjab, Pakistan, to review the supply, demand, and reserves of petroleum products across the province amid the evolving regional situation.
(more…) -

Three petrol ships expected in Pakistan amid rising global oil prices
Karachi, March 8, 2026 – Pakistan is set to receive three petrol shipments on Monday, March 9, 2026, officials confirmed during a high-level meeting chaired by Syed Murad Ali Shah with federal ministers on Sunday.
(more…) -

PM committee reviews petrol supply, assures adequate stocks amid regional energy uncertainty
Islamabad, March 5, 2026 – A high-level meeting of the Committee formed to monitor petrol prices and energy supply in light of the evolving regional situation was held on Thursday under the chairmanship of Finance Minister Muhammad Aurangzeb at the Finance Division. The committee was constituted by Prime Minister Shehbaz Sharif to assess developments in the energy sector and ensure national preparedness.
(more…) -

OGRA dismisses fuel shortage rumors, assures adequate petrol and diesel stocks
Islamabad, March 4, 2026 – The Oil and Gas Regulatory Authority (OGRA) on Wednesday dismissed concerns about a fuel crisis, assuring citizens that Pakistan has sufficient stocks of petrol and diesel and that there is no shortage of petroleum products in the country.
(more…) -

PM committee moves to curb petroleum hoarding amid global energy turmoil
Islamabad, March 4, 2026 – A high-level committee formed by Prime Minister Shehbaz Sharif on Wednesday underscored the urgent need to prevent hoarding of petroleum products amid ongoing regional tensions and global energy market volatility.
(more…) -

Pakistan launches digital petrol pump system to curb fuel smuggling
Islamabad, January 19, 2026 – The Government of Pakistan has launched a nationwide campaign to digitalize petrol pumps and the petroleum supply chain as part of its comprehensive reform agenda. The initiative aims to prevent fuel smuggling, eliminate illegal sales, and protect the interests of authorized dealers, according to an official statement from the Ministry of Petroleum.
(more…) -

Fuel crisis looms in Pakistan as Sindh restores bank guarantee requirement
Karachi, October 21, 2025 – Pakistan is on the brink of a severe fuel crisis after the Sindh government reinstated a 100% bank guarantee requirement under the Sindh Infrastructure Development Cess (IDC). The move has left several petroleum shipments stranded at Karachi ports, threatening to disrupt the nationwide fuel supply within days.
(more…) -

Petroleum sales in Pakistan rise 6% YoY in Q1FY26
Karachi, October 2, 2025 – Pakistan’s petroleum sector reported positive growth in the first quarter of fiscal year 2025-26 (1QFY26), with total petroleum sales climbing by 6% compared to the same period last year.
(more…) -

Pakistan welcomes Chevron’s $30 million investment in oil sector
Islamabad, September 11, 2025 – Federal Minister for Petroleum Ali Pervaiz Malik has welcomed Chevron’s $30 million investment in Pakistan oil sector, describing it as a milestone that highlights international confidence in the country’s energy market.
(more…)