ISLAMABAD: Finance Minister Muhammad Aurangzeb stated that maintaining a steady and uninterrupted supply of petroleum products is the government’s top priority as officials continue to assess the changing regional situation.
Aurangzeb stated the government was closely watching developments and stood ready to take timely measures to safeguard national energy security while presiding over a meeting of the committee formed to monitor petrol prices in connection of the emerging regional situation.
The minister said the body was monitoring developments on a daily basis and would take coordinated steps to ensure stability in domestic markets and protect national energy supplies.
The committee also stressed the need to prevent hoarding, diversion or smuggling of petroleum products amid global uncertainty.
Authorities directed relevant officials to maintain heightened vigilance and strengthen coordination with provincial governments to ensure that domestic fuel supplies remain secure.
It was also decided that the chief secretaries of all provinces would participate in the committee’s meeting on Friday to discuss the final summary and a proposed national action plan.
The committee will continue its deliberations to finalise a comprehensive national strategy in coordination with all stakeholders, the finance minister said.
Notably, the committee was constituted by Prime Minister Shehbaz Sharif to review fuel supply and pricing amid volatility in international markets.
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