Pakistan is set to receive three petroleum shipments by Monday, Petroleum Minister Ali Pervaiz Malik said, as the country grapples with rising fuel prices amid the escalating Middle East conflict.
The government raised petrol and high-speed diesel prices by Rs55 per litre last week, bringing ex-depot rates to Rs321.17 per litre for petrol and Rs335.86 per litre for diesel, citing disruptions in the Strait of Hormuz and rising global crude, which could hit $120 per barrel if tensions escalate further.
Finance Minister Muhammad Aurangzeb said Pakistan’s monthly oil import bill could reach $600 million, and the federal government is monitoring markets while preparing contingency plans. Alternative supply options are being explored with Saudi Arabia, Oman, and the UAE, and the government is seeking routes beyond the strait.
Both federal and provincial authorities are coordinating fuel conservation measures, establishing monitoring dashboards to prevent hoarding and ensure uninterrupted supply. Citizens are urged to use energy responsibly to help maintain economic stability.
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