Islamabad (Urdu Point / Pakistan Point News – March 30, 2026) Federalism Finance and Revenue Minister Senator Muhammad Aurangzeb on Monday chaired a meeting of the Cabinet Committee to Monitor Petrol Prices, as part of the body’s ongoing daily review of petroleum stocks and developments in the energy sector amid evolving geopolitical circumstances.
The committee conducted a comprehensive review of petroleum product stocks, supply arrangements and import plans.
She noted that the current supply situation has remained stable, with diesel stocks providing approximately 23 to 24 days of coverage, while gasoline Availability is still convenient, a news He said release.
The committee was told that crude oil inventories currently provide about 11 days of coverage, with additional transit cargoes and committed volumes expected to support refining operations and product availability through April.
The Petroleum Division informed the Committee that import plans for April are being actively managed, with significant quantities already secured through commercial and inter-governmental contracts.
She said refining operations are being maintained at optimum levels, with efforts being made to maximize productivity and ensure the conversion of crude into refined products to support domestic demand.
The Committee was informed that global oil markets remained highly volatile and tight, with notable increases in the index Prices And shipping premiums in the last days.
Members noted that prevailing market conditions reflect supply-side uncertainties associated with regional developments, resulting in higher insurance premiums on both diesel and gasoline shipments.
The Committee also reviewed procurement strategies and noted ongoing efforts to secure favorable supply arrangements under existing contracts, including government-backed contracts that offer costs that are relatively lower than prevailing spot market prices.
At the same time, members stressed the importance of making wise purchasing decisions in light of price differences between suppliers and tightening market conditions.
Operational aspects of fuel imports were also discussed, including shipping arrangements, insurance considerations and logistics coordination.
The Committee considered proposals regarding the use of national shipping capacity and agreed that all such arrangements would be guided by commercial prudence, transparency and the need to ensure uninterrupted supply.
The authority reviewed demand patterns in the local market and noted an increase in purchases in recent weeks.
Members stressed the need for close monitoring to discourage the holding of speculative stocks and ensure smooth distribution across the country.
Directions were issued to regional administrations and regulatory authorities to intensify oversight and enforcement measures to maintain market discipline.
The committee also reviewed the progress made in strengthening monitoring mechanisms across the oil supply chain.
Particular emphasis was placed on improving real-time data visibility, including at the retail level, through the development of a digital dashboard.
Relevant authorities have been directed to ensure timely data sharing and integration to support informed and responsive decision-making.
In addition, the Committee took note of a proposal regarding fuel specifications and price improvement with the aim of enhancing efficiency in domestic consumption patterns and supporting domestic refining capacities.
It was decided to further study the proposal in consultation with stakeholders, including refineries and oil marketing companies, before returning it for consideration.
The committee also noted the need to begin work on the strategic petroleum reserves framework as a parallel course of action, in line with the directives received from the Prime Minister.
The Petroleum Division has been tasked with developing a regulatory framework for consideration at upcoming meetings.
Chairing the meeting, the Finance Minister stressed that the government’s top priority remains ensuring uninterrupted availability of petroleum products across the country while minimizing the impact of the global crisis. price Fluctuations on the audience.
He stressed that despite the difficult international market conditions, proactive planning and coordinated efforts have helped maintain a stable situation for domestic supplies.
The meeting was attended by Federal Minister of Petroleum Ali Parvez Malik and Federal Minister of Climate Change and Environmental Coordination Dr. Musaddiq Masood Malik, Federal Minister of State. food Security and Research Rana Tanveer Hussain, Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry (virtually), Federal Minister for Commerce Jam Kamal Khan (virtually), along with federal secretaries and senior officials from relevant ministries, departments and regulatory authorities.
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