Pakistan Prepares to Secure Fuel Supplies Amid Global Energy Risks
Pakistan’s government is taking preemptive steps to secure fuel supplies amid growing uncertainties in global energy markets. Petroleum Minister Ali Pervez Malik announced that a summary has been submitted to the federal cabinet to streamline LPG imports as part of broader contingency measures. The move aims to prevent potential fuel shortages, particularly during the winter months of December, January, and February.
Malik emphasized the importance of advance planning to ensure adequate availability of crude oil, petrol, diesel, gas, and LPG. The government has briefed the prime minister and federal cabinet on expected fuel requirements, existing supplies, and potential challenges. Arrangements are being made to meet increased gas demand during the winter season.
Regarding LPG prices, Malik noted that they are determined by the Oil and Gas Regulatory Authority (OGRA), with Saudi Aramco's monthly Contract Price playing a key role in the pricing mechanism. The government is actively working to maintain sufficient LPG supplies as winter demand rises.
Additionally, Malik highlighted that over nine million people have benefited from the government’s petroleum relief scheme, which provides eligible motorcyclists and small vehicle users with a Rs100 per litre discount. The scheme will continue, subject to financial resources, and any decline in international oil prices will be passed on to domestic consumers.
Malik also expressed concern over recent attacks on oil installations near Riyadh and disruptions in maritime routes near Bab-el-Mandeb. He stressed the need for advance planning to mitigate the impact of global supply disruptions and rising energy prices on domestic consumers.