Pakistan Fuel Stocks Cross Four Weeks as Government Assures Uninterrupted Supply

ISLAMABAD: The government has given a big assurance to the public regarding the availability of petroleum products, while Advisor to the Finance Minister Khurram Shahzad, has said that the fuel reserves in the country have now exceeded four weeks and the supply is completely secure for the coming months.

According to the details, Khurram Shahzad said that in the past, the country’s petroleum product reserves were considered sufficient for about 24 days; however, under the current management strategy, this period has been increased to more than four weeks, which is being termed an important and positive development in the energy sector. It was also confirmed in a recent government briefing that most of the cargoes have been secured for March and April.

He said that adequate reserves have already been secured for the months of March and April, due to which the public will not face any shortage or trouble. According to the Advisor to the Finance Minister, despite the continuous fluctuations in oil prices in the global market and the ongoing tensions in the region, Pakistan has effectively managed its supply chain. He said that due to continuous communication between the relevant agencies, timely decisions and advance planning of imported cargoes, fuel supply across the country is continuing without any disruption.

Khurram Shahzad further said that the government is not limited to the availability of petroleum products only but is also paying special attention to financial discipline. According to him, as a result of a significant reduction in unnecessary government expenditure, financial savings of about 1.2 billion rupees have been made possible, which is a practical manifestation of the government’s austerity policy.

He appealed to the public to show responsibility and avoid unnecessary purchases or hoarding so that stability in the market is maintained. He said that the government is taking all possible steps in the national interest; however, public cooperation is also very important for economic stability.