Prime Minister Shehbaz Sharif has set up a high-level committee to monitor fuel prices and supply. This comes after rising tensions in the Middle East, especially following Israel’s attacks on Iran. The global oil market is showing signs of serious instability, causing concern over future supplies and pricing.
The committee is led by Finance Minister Muhammad Aurangzeb. It includes officials from key ministries, regulators, and energy experts. Their job is to watch global oil prices, check supply risks, and study how changes may affect Pakistan’s foreign reserves and budget. The team will also suggest steps if the crisis continues.
In its first meeting, the committee reviewed both global and local fuel situations. It noted that Pakistan has enough petroleum stock for now. However, the members agreed that constant monitoring is crucial. The conflict could still lead to sudden changes in oil supply routes or prices.
Moreover, a daily working group will track real-time updates and threats. Meanwhile, the full committee will meet weekly and report to the prime minister. The Petroleum Division has been asked to support all operations and follow up on committee decisions.
As oil prices remain unstable—jumping 7% on Friday and staying high—Pakistan aims to avoid any shock. The government promises to protect energy security, keep supply steady, and handle all related financial risks carefully and efficiently.