ISLAMABAD: Finance Minister Muhammad Aurangzeb informed the Senate Committee on Finance that Pakistan currently has sufficient diesel and petrol reserves to last for 28 days.
During a briefing to the Senate panel, chaired by Senator Salim Mandviwala, on the country’s economic outlook, Aurangzeb emphasized the importance of conserving fuel, referencing the measures taken during the COVID-19 pandemic to manage energy resources effectively.
The finance minister assured that the government is making optimal use of the nation’s domestic oil and gas reserves. “There is no current shortage of petroleum products in the country,” he stated, urging citizens to adopt energy-saving practices.
Aurangzeb also revealed that the Prime Minister has formed a dedicated committee tasked with monitoring petroleum supplies, which is actively working on a daily basis. He added that Pakistan’s petroleum reserves are expected to sustain the country until the end of March, with urgent decisions in the pipeline.
The minister announced that petroleum supply will be carefully regulated and that steps to promote energy conservation are underway. “If regional tensions persist,
we will implement measures to mitigate their impact,” he noted.
It is noteworthy that Iran’s Revolutionary Guards recently declared that Iranian forces have achieved “full control” over the Strait of Hormuz, a crucial corridor for global oil and gas shipments. They warned that vessels attempting passage could face threats from missiles or unintentional drone strikes.
