Pakistan is set to implement emergency measures on petroleum pricing to ensure market liquidity following disruptions caused by the closure of the Strait of Hormuz. Steps include weekly price revisions, compensating oil companies for elevated insurance and import costs, and mandatory work-from-home policies for public and private sectors, officials said.
The state-run Pakistan State Oil (PSO) has launched precautionary import tenders for petrol and diesel outside the Strait, while Saudi Arabia has been requested to provide supplies via an alternative Red Sea route. Current petrol and diesel stocks are over 500,000 tonnes each, enough for 25–26 days. Authorities stressed that supply levels remain safe, although diesel imports face higher risk due to global shipping delays.
Finance Minister Muhammad Aurangzeb chaired a cabinet committee meeting reviewing petroleum stock levels, global oil market developments, and contingency measures. Officials highlighted the need to prevent hoarding and smuggling, strengthen provincial coordination, and explore alternative sourcing routes, while encouraging energy conservation and ensuring uninterrupted fuel availability for the nation.
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