The Cabinet Committee to Monitor Petrol Prices met today under the chairmanship of the Finance Minister to review the petroleum supply situation and market conditions following the recent price adjustment. While officials confirmed that petrol and diesel stocks are sufficient to meet current demand, the meeting did not announce any plans to reduce prices.
The meeting focused on ensuring uninterrupted fuel supply, maintaining market discipline, and strengthening monitoring mechanisms across the supply chain.
The Committee conducted a comprehensive review of petroleum stock levels, import plans, and refinery operations. Diesel stocks currently provide approximately 25 days of cover, petrol stocks are sufficient for current consumption, and crude oil stocks cover around 12 days, supported by incoming cargoes and scheduled imports.
Import arrangements for the coming weeks remain on track through commercial procurement and government-to-government agreements, while refineries operate at optimal levels to convert crude into refined products efficiently. The Committee emphasized the critical role of reliable energy supply in supporting agriculture, fertilizer production, transportation, and industry, underscoring its importance for sustaining economic activity and price stability.
In light of recent price movements, the Committee stressed vigilance across the supply chain to prevent hoarding, speculation, and disruptions in product availability. Monitoring localized demand variations was highlighted as essential for balanced supply management. Unauthorized storage and market irregularities were also flagged for stricter regulatory enforcement.
Gas supply, including stock levels of SNGPL and SSGC, was reviewed. The Committee emphasized a data-driven approach to efficiently allocate gas between domestic and power sectors, considering seasonal demand and rising LPG reliance.
A key focus was OGRA’s digital dashboard, providing real-time visibility of stock levels, sales, and supply conditions from depots to retail outlets. While progress was acknowledged, reporting from retail outlets remains below expectations, with over 12,000 petrol pumps nationwide. Full operationalization of the system was emphasized to ensure timely decision-making.
The Finance Minister directed stakeholders to ensure prompt and accurate data integration to maximize dashboard effectiveness. OGRA was instructed to enforce compliance, accelerate digitization across the supply chain, and maintain close coordination with Oil Marketing Companies (OMCs). Pakistan State Oil will enhance visibility across its retail network and improve reporting coverage on a priority basis.
Joint teams from the Petroleum Division, OGRA, FIA, and PSO will be deployed to selected petrol pumps in Islamabad to support data entry, improve stock transparency, and ensure operational compliance. The Committee highlighted the need to institutionalize such mechanisms to strengthen oversight, accountability, and reporting consistency.
The Finance Minister reiterated that market stability requires proactive coordination, effective monitoring, and strict enforcement. Ensuring uninterrupted fuel supply, improving transparency, and protecting consumers remain top priorities, while responsible consumer behavior is encouraged.
The fm has been a massive failure
He increased texts taxes on idiom income households
He created more tax breaks for his own buddies
He deregulated medicine sector giving them authority to increase prices
He forced deregulation of sugar sector giving them control over prices
And Brought all taxation on elites down so they can get any borrowings they want