Pakistan’s petroleum reserves are deemed sufficient despite rising global oil prices and ongoing geopolitical tensions. The Petroleum Ministry confirmed that the country has enough stock to meet national demand until the third week of June 2026.
The country’s weekly oil bill has surged to $800 million amid a fuel crisis stemming from the Middle East conflict. This is a significant increase from the pre-war average of $300 million.
The government has implemented several subsidy measures to alleviate the impact on consumers. Since the onset of the conflict, there have been multiple hikes in petroleum prices. For instance, petrol prices increased by 6.51 per liter and diesel by 19.39 per liter.
Key facts:
- Petroleum reserves can sustain supply through mid-June 2026.
- The current weekly oil bill has reached $800 million.
- Subsidies include $100 per month for motorcyclists, capped at 20 liters.
- Freight trucks receive a subsidy of $70,000 per month.
- Larger transport vehicles get $80,000 monthly, while public buses receive $100,000.
The National Coordination and Management Committee is actively monitoring fuel supplies daily. Officials aim to ensure uninterrupted availability of POL products throughout Pakistan.
Shehbaz Sharif stated, “The situation now appeared satisfactory.” However, rising oil prices continue to strain household budgets. The government’s austerity measures aim to conserve fuel amid these challenges.
The ongoing situation in the Middle East significantly impacts global oil prices, complicating supply chain management for countries like Pakistan. The Strait of Hormuz remains a critical waterway for energy supplies, with tensions between the United States and Iran affecting stability in the region.