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Federal Finance Minister Muhammad Aurangzeb said three petrol tankers are expected to reach Pakistan by tomorrow (Monday).
According to details, Sindh Chief Minister Murad Ali Shah met the federal finance minister and Petroleum Minister Ali Pervaiz Malik to discuss emergency measures to address the energy crisis.
A spokesman said the meeting at the Chief Minister’s House in Karachi included a detailed briefing on rising global oil prices and the country’s fuel reserves. Federal ministers said if tensions in the Middle East escalate further, crude oil prices could reach $120 per barrel.
Aurangzeb said alternative plans are under preparation to manage the financial impact of rising oil prices. He added that three petrol tankers are expected to arrive in Pakistan by tomorrow, while the country’s monthly oil import bill may rise to $600 million.
The petroleum minister said the government will approach the International Monetary Fund for relief in the petroleum levy. The meeting also decided that the centre and provinces will maintain close coordination to address the energy situation.
Participants also agreed to strengthen coordination between the federation and provinces to prevent hoarding of fuel. Federal ministers said diplomatic contacts with Saudi Arabia, Oman and the United Arab Emirates continue for alternative fuel supplies. Efforts are under way to ensure oil supply through routes other than the Strait of Hormuz.
Murad Ali Shah said responsible use of energy and public cooperation are essential. He said keeping the national economy running remains the government’s priority and the proposals discussed at the meeting will be placed before the cabinet.
