Pakistan’s petroleum reserves are confirmed to be sufficient to meet national demand until the third week of June 2026. The Petroleum Ministry stated that stock levels are adequate for uninterrupted availability of POL products throughout the country.
As of early Tuesday, Pakistan’s weekly oil bill has surged to $800 million. This increase is attributed to the ongoing fuel crisis fueled by the Middle East conflict.
The government has implemented multiple hikes in petroleum prices since the conflict began. Specifically, petrol prices have risen by 6.51 per liter, while diesel prices have increased by 19.39 per liter.
Austerity measures were also announced to conserve fuel amid these rising oil prices. The National Coordination and Management Committee is actively monitoring supplies on a daily basis.
The government approved a one-month extension in subsidies for various transport sectors. These include:
- A subsidy of $100 per liter for motorcyclists, capped at 20 liters per month.
- A monthly subsidy of $70,000 for freight trucks.
- A monthly subsidy of $80,000 for larger transport vehicles.
- A monthly subsidy of $100,000 for public passenger buses.
Shehbaz Sharif commented that “the situation now appeared satisfactory” despite the challenges posed by the escalating costs. He noted that prior to the conflict, Pakistan’s weekly oil bill was around $300 million.
Officials have not disclosed any specific timelines for potential changes in policy or pricing. However, they emphasized that supply chain management remains a priority during this turbulent period.
