Fuel supply situation remains stable, adequate across country

Islamabad: A high-level consultative meeting on the petroleum products situation was held in Islamabad today with Finance Minister Muhammad Aurangzeb in the chair.

The meeting noted with satisfaction that the fuel supply situation remains stable and adequate across the country.

The Ministry of Information Technology and Telecommunication also gave a comprehensive presentation on proposed technological solutions to facilitate a targeted subsidy mechanism for petroleum products, with a focus on transparency and efficient delivery.

The provincial leadership shared their views on the prevailing situation and policy options. Chief Minister Sindh Syed Murad Ali Shah appreciated the efforts of the federal government in maintaining uninterrupted fuel availability, while emphasizing the importance of behavioral measures to promote fuel conservation.

Punjab Senior Minister Marriyum Aurangzeb, representing the Government of Punjab, emphasized the need to develop multiple policy scenarios in response to the evolving petroleum price situation.

Khyber Pakhtunkhwa Finance Minister Muzzammil Aslam lauded the efforts of Finance Minister Muhammad Aurangzeb and Minister for Petroleum Ali Pervaiz Malik for effectively managing the oil supply situation. He noted that Pakistan's management of petroleum supplies has remained comparatively better than that of several countries in the region.

Balochistan Minister for Finance Mir Shoaib Nosherwani also shared his views during the meeting.

In his remarks, the Finance Minister highlighted the need to promote responsible consumption behaviour and ensure that policy responses remain fiscally prudent while maximizing relief for the public.

The participants agreed to expedite efforts to finalize a targeted subsidy framework using technological solutions, while ensuring continued coordination between the federal and provincial governments.