Pakistan says fuel stocks sufficient as crude imports continue

ISLAMABAD: Fuel stocks are sufficient to meet near-term demand in Pakistan despite volatility in global markets, according to a statement issued after a high-level review meeting chaired by Finance Minister Muhammad Aurangzeb.

The cabinet committee reviewed the country’s fuel stock situation in detail and was briefed that diesel reserves are available for 24 days, while petrol availability has also been described as ‘satisfactory’.

The statement said that crude oil stocks stand at around 11 days of supply, while additional shipments of crude oil are en route to Pakistan to replenish reserves.

The committee was informed that petroleum import planning for April has already been completed, and sufficient fuel supplies are expected to be available during the month.

The finance minister directed authorities to ensure strict monitoring to prevent hoarding and to improve the supply chain, according to the statement.

Aurangzeb said that preparations are under way to build strategic petroleum reserves at the national level, adding that Pakistan’s supply situation remains stable despite challenging global conditions.

Pakistan, which relies heavily on imported fuel, is often exposed to fluctuations in international oil prices and supply disruptions, making stock levels and import planning critical for maintaining stability in the domestic market.