Prime Minister Shehbaz Sharif has constituted a 19-member high-level committee to monitor fuel prices and ensure uninterrupted petroleum supply across Pakistan amid rising global oil prices and growing geopolitical uncertainty. The move aims to prevent artificial shortages and protect consumers from sudden market shocks.
According to an official notification, the committee will conduct daily reviews of petroleum prices, stock positions, and overall availability in the country. Moreover, it will submit regular reports directly to the Prime Minister to ensure swift policy responses whenever required. Authorities believe continuous oversight will help maintain market stability.
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Federal Minister for Finance Muhammad Aurangzeb will serve as the convenor, while the ministers for Petroleum and Energy, the Minister of State, the State Bank Governor, FBR Chairman, and OGRA officials will participate actively. In addition, senior representatives from Pakistan State Oil, PARCO, Sui Southern Gas Company, and Sui Northern Gas Pipelines Limited will contribute to strategic decisions.
Furthermore, representatives from intelligence agencies, including the IB and ISI, will join the committee to detect hoarding, price manipulation, or artificial supply disruptions. This coordinated approach seeks to ensure transparency and eliminate any attempts to exploit the volatile market environment for undue profit.
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The committee will also evaluate the broader economic impact of petroleum price fluctuations and propose both short-term and medium-term strategies to mitigate financial strain. In case of any supply disruption, it will formulate immediate contingency plans to maintain uninterrupted distribution nationwide.
Officials emphasized that the initiative reflects the government’s commitment to safeguarding the public from fuel crises during global instability. By strengthening coordination among financial, regulatory, and energy institutions, the administration aims to maintain price stability and secure consistent fuel availability throughout the country.