Govt confirms stable fuel supply amid global oil market volatility

March 31, 2026 (MLN): The government, through the Cabinet Committee to Monitor Petrol Prices, reviewed the country’s petroleum supply situation and confirmed that fuel availability remains stable despite ongoing volatility in global oil markets.

Diesel stocks were reported to cover approximately 23–24 days, while petrol supplies remain comfortable.

Crude oil reserves stand at around 11 days, with additional cargoes in transit to support refinery operations through April.

The committee noted that import plans are being actively managed, refinery output is being optimized, and procurement efforts are focused on securing cost-effective supplies amid rising international prices and tightening market conditions, according to a press release issued.

The meeting was chaired by Finance Minister Muhammad Aurangzeb and attended by Petroleum Minister Ali Pervaiz Malik, Climate Change Minister Musadik Masood Malik, National Food Security Minister Rana Tanveer Hussain, Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry (virtually), and Commerce Minister Jam Kamal Khan (virtually), along with senior officials from relevant ministries and regulatory authorities.

The committee also reviewed fuel import logistics, including shipping and insurance arrangements, stressing transparency and commercial prudence.

 Members highlighted the need to monitor rising domestic demand, curb speculative stockpiling, and ensure smooth distribution nationwide.

Progress on enhancing real-time monitoring through a digital dashboard was discussed, along with plans to develop a strategic petroleum reserves framework.

The government reiterated its commitment to ensuring uninterrupted fuel supply while minimizing the impact of global price fluctuations on the public.

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