ISLAMABAD – Prime Minister Shehbaz Sharif ordered strict action against those behind creating an artificial shortage of petroleum products, as Pakistan’s oil industry simultaneously sounded the alarm over a looming fuel supply crisis, warning that the country has petrol reserves sufficient for only around 15 days.
The developments came during high-level meeting chaired by the premier to assess impact of escalating regional tensions on Pakistan’s economy. The meeting reviewed the country’s preparedness for possible economic disruptions and discussed austerity measures aimed at reducing pressure on national resources.
Directing authorities to remain on high alert, Prime Minister Shehbaz Sharif said the government must be fully prepared to tackle every possible challenge arising from the uncertain regional situation. While asserting that Pakistan’s economy remains stable, he cautioned that continued geopolitical tensions could adversely affect the country’s economic outlook, making timely and comprehensive planning essential.
PM Sharif was informed that petroleum stocks were sufficient to meet national requirements and that measures had been completed to ensure uninterrupted fuel supplies. He maintained that the government’s timely strategy had successfully managed fuel availability and protected ordinary citizens, including motorcycle riders, rickshaw drivers and transporters, from the full impact of rising fuel prices through targeted interventions and subsidies.
He praised the public for supporting previous austerity campaigns and acknowledged citizens’ contribution to fuel conservation and energy-saving initiatives. However, the government’s assurance comes against the backdrop of a stark warning from Pakistan’s oil industry, which says the country’s fuel supply chain is under severe stress.
In a letter marked “Most Urgent” and sent on July 15 to Energy Minister (Petroleum Division) Ali Pervaiz Malik, the Oil Companies Advisory Council (OCAC) described the petrol supply situation as “exceptionally critical.” According to the council, Pakistan currently has only 370,000 metric tons of Motor Spirit (MS) in stock—equivalent to roughly 15 days of national consumption.
The industry warned that delays in the WebOC customs clearance system have slowed the release of imported fuel, while rising demand and mounting financial constraints are increasing the risk of supply disruptions. It further cautioned that if three scheduled imported petrol cargoes fail to arrive on time, the country’s fuel supply could face a serious setback.
OMCs are reportedly struggling with Rs66.7 billion in outstanding payments, a financial burden the industry says is threatening the continuity of fuel imports and distribution, it said.
The oil sector urged the government to intervene immediately by resolving customs clearance delays and outstanding payments to avert a potential nationwide petrol shortage.
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