Petroleum Reserves Sufficient for Country’s Requirements; No Need for Extra Fuel-Saving Measures at Present, States Minister for Petroleum Ali Pervaiz Malik in Written Reply to National Assembly
ISLAMABAD: The existing petroleum product reserves of the country are already adequate to serve the needs of the country and there is no need to put into place any further measures for fuel saving in the country, the Federal Minister for Petroleum Ali Pervaiz Malik has told the National Assembly in a written reply.
An effective monitoring mechanism is in place, which monitors imports and domestic refinery production, the written reply to Parliament said. The Minister pointed out that the demand for petrol during September was expected to be 692,000 tonnes and the oil marketing companies import 511,000 tonnes of petrol.
A comprehensive response to the National Assembly was provided by the Minister of Petroleum in his Written Reply.The Minister of Petroleum has given a detailed reply to the National Assembly in his Written Reply.
Written Statement for Diesel Reserves and Diesel Demand: It was stated that there were no plans for diesel imports in September, 2026, since the country had adequate stocks and expected local production from refineries. As of September 22, petrol stocks were at around 395,000 tonnes while the total availability of fuel, comprising of stocks on board vessels at ports and territorial waters, was at 506,000 tonnes, which amounted to a 22-day buffer. Meanwhile, the stock of diesel reserves had reached 568,000 tonnes by September 22, which is equivalent to 30 days of the country’s needs.
Petrol sales rose by 18 per cent in July 2026 year-on-year, while sales decreased by almost nine per cent in August when compared to July.
Fuel Pricing: The Minister said fuel pricing was based on the 7-day moving average of the global market rates, a claim that was disputed by the OMCs. Unlike OGRA, the government and the Prime Minister do not need to approve OGRA’s ex-depot-price releases. In addition, Rs 120.3 billion in price differential claims have been made by the oil marketing companies of which Rs 53.8 billion have already been paid.