Says govt undertaking scenario planning to safeguard energy security, economic stability
Financial Minister Muhammad Aurangzeb speaking at the Pakistan Economic Growth Conference organised by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in Islamabad, Feb 14, 2026. PHOTO: LIVESTREAM
ISLAMABAD:
A meeting of the Committee to Monitor Petrol Prices was held virtually on Saturday under the chairmanship of Federal Minister for Finance Muhammad Aurangzeb as part of the daily review of developments in the energy sector amid persistent regional tensions.
The committee undertook a comprehensive review of petroleum product stock position across the country and was briefed on the current national inventory of crude oil and refined petroleum products, ongoing import arrangements and supply chain logistics. Members were informed about the cargoes currently en route as well as additional shipments being arranged to strengthen national reserves.
The committee noted with satisfaction that petroleum stocks remained at comfortable levels and supply chains were functioning smoothly, with adequate arrangements to ensure the continuity of supply in the coming weeks.
It reviewed recent developments in the global crude and refined petroleum markets, which had experienced heightened volatility due to geopolitical developments in the region. Members examined international price trends, benchmark crude movements and refined product market dynamics.
They discussed possible external scenarios and their potential implications for Pakistan’s energy sector and broader economy. It was noted that the government continued to closely monitor international market developments and was undertaking scenario planning to safeguard domestic energy security and economic stability.
The meeting examined operational arrangements relating to crude imports, refinery operations and maritime logistics. Relevant authorities gave a presentation on measures being taken to facilitate cargo movements, maintain optimal refinery throughput and ensure uninterrupted functioning of the petroleum supply chain.
The committee emphasised the importance of maintaining close coordination among refineries, oil marketing companies and relevant government institutions to sustain smooth product flows and nationwide fuel availability.
In addition to the supply-side measures, the committee assessed a range of targeted fuel conservation and demand management options aimed at moderating import requirements during periods of international price volatility. Various potential measures relating to efficient fuel consumption and public sector conservation initiatives were discussed, with the understanding that responsible consumption could help reduce pressure on imports while supporting broader economic stability.
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 would further strengthen oversight and facilitate timely decision-making.
Speaking at the meeting, Finance Minister Muhammad Aurangzeb emphasised that the government’s foremost priority remains ensuring uninterrupted availability of petroleum products across the country while minimising the burden on the public. He noted that although global energy markets were experiencing significant volatility, Pakistan’s supply position remained stable due to proactive planning and close coordination among relevant stakeholders.
