Pakistan has crude oil, diesel stocks for up to 25 days: officials

Pakistan is not facing any fuel shortage as the country has diesel stocks for approximately 25 days and crude oil stocks for 12 days with more cargoes incoming or scheduled, according to top officials.

The committee of ministers formed to monitor fuel stocks met on Monday to review the petroleum supply situation, import plans, refinery operations, and market conditions following the recent price hike.

The meeting was chaired by Finance Minister Muhammad Aurangzeb.

The meeting was informed that the overall supply position remains stable, with diesel stocks providing approximately 25 days of cover, petrol availability sufficient to meet current demand, and crude oil stocks at around 12 days of cover, supported by incoming cargoes and scheduled imports.

The Petroleum Division apprised the committee that import arrangements for the coming weeks are on track through a combination of commercial procurement and government-to-government engagements, while refineries continue to operate at optimal levels to maintain throughput and ensure efficient conversion of crude into refined products.

The members emphasized continued vigilance across the supply chain to prevent hoarding, speculative behavior, and any disruption in product availability.

The committee also reviewed the gas supply situation, including stock positions of SNGPL and SSGC, and discussed options for managing gas availability for domestic consumers and its allocation between domestic and power sectors.

The finance minister emphasized the importance of timely data integration and directed all stakeholders to ensure prompt and accurate sharing of information to support effective utilization of the dashboard for decision-making.

OGRA was directed to ensure compliance with data reporting requirements, accelerate digitization efforts across the supply chain, and maintain close coordination with Oil Marketing Companies (OMCs) and other relevant stakeholders to support seamless implementation of the system. In this context, PSO will further enhance visibility across its retail network and strengthen reporting coverage on a priority basis.