Finance Minister Muhammad Aurangzeb has assured that Pakistan’s energy supplies remain stable despite disruptions in key international shipping routes. Speaking at the meeting of the Cabinet Committee on Petrol Prices, constituted by the Prime Minister, he said national petroleum reserves are at comfortable levels and there is no immediate risk of shortages.

The committee reviewed global and regional supply conditions, including the closure of the Strait of Hormuz and tensions around the Strait of Bab al-Mandeb. “These developments pose major challenges for global energy security and could affect Pakistan’s fuel supply chain if they continue,” the Finance Minister said.

During the session, members analyzed trends in forward and futures prices of petroleum products, assessed the resilience of domestic and international supply chains, and considered potential short- and medium-term impacts on foreign exchange due to market volatility. 

Officials also examined measures to prevent disruptions while maintaining uninterrupted domestic availability of petroleum products. The possible fiscal consequences of a prolonged regional conflict were also discussed.

Aurangzeb emphasized that the committee will function as a strategic governance forum, conducting daily monitoring and structured scenario planning. Ensuring availability of energy supplies across the country is the Government’s primary objective and will remain the central driver of all decisions, he added.

Ministries and regulatory bodies have been directed to validate stock positions, track shipments and storage, and remain prepared for any emergency situation.

The committee also reviewed LNG and LPG supply positions, shipment schedules, terminal operations, and line-pack management. Officials were instructed to refine scenario analyses and evaluate economic and fiscal trade-offs associated with alternative fuel utilization and demand management options. 

Any necessary adjustments to domestic fuel prices resulting from international market movements will be implemented through established mechanisms in a transparent and predictable manner.

To maintain real-time oversight, the committee will convene daily, consolidating data on global price movements, domestic stock levels, foreign exchange exposure, and overall energy supply chain developments.

The meeting was attended by Federal Minister for Petroleum Ali Pervaiz Malik, Federal Minister for Power Sardar Awais Ahmad Leghari, Minister of State for Finance Bilal Azhar Kayani, along with federal secretaries and senior officials from the relevant ministries, divisions, and regulatory bodies.