Pakistan Oil Stocks: OGRA Issues Advisory
- In response to the volatile global oil market, the Oil and Gas Regulatory Authority (Ogra) has instructed oil marketing companies (OMCs) to maintain a 20-day minimum stock of...
- According to an Ogra spokesperson, Pakistan currently possesses adequate petroleum stocks to meet existing domestic demand.
- Prime Minister Shehbaz Sharif established a committee, led by Finance Minister Muhammad Aurangzeb, to closely monitor petroleum product pricing and supply dynamics.
Responding to global market volatility, OGRA mandates oil companies maintain a 20-day minimum stock of petroleum products to bolster PakistanS fuel reserves. This decisive action aims to safeguard against potential supply disruptions, especially those arising from the Iran-Israel conflict. The government, under Prime Minister Shehbaz Sharif, has established a committee to monitor pricing and supply, comprised of senior officials and energy experts, ensuring consistent national energy security. This proactive approach, detailed in the latest report at News Directory 3, includes daily monitoring and weekly reviews to provide timely recommendations. The committee will also evaluate supply chain predictability and foreign exchange implications. Discover what’s next as Pakistan navigates the volatile oil market.
Pakistan Boosts Oil Supply Security Amid Global Uncertainty
Updated June 21, 2025
In response to the volatile global oil market, the Oil and Gas Regulatory Authority (Ogra) has instructed oil marketing companies (OMCs) to maintain a 20-day minimum stock of petroleum products. The directive comes amid concerns about potential disruptions stemming from the Iran-Israel conflict and its impact on global oil supply.
According to an Ogra spokesperson, Pakistan currently possesses adequate petroleum stocks to meet existing domestic demand. However, the authority is taking proactive measures to ensure continued national energy security given the evolving international landscape. The Ogra “has formally advised all oil marketing companies (OMCs) to ensure the maintenance of thier mandatory 20-day stock levels, in line with the conditions stipulated in their respective licences,” the spokesperson said.
Prime Minister Shehbaz Sharif established a committee, led by Finance Minister Muhammad Aurangzeb, to closely monitor petroleum product pricing and supply dynamics. The committee, comprised of senior officials and energy experts, convened to assess the global and domestic petroleum market situation.Members expressed confidence in Pakistan’s current petroleum reserves but stressed the need for ongoing vigilance.
To facilitate swift responses and effective coordination, a working group will monitor developments daily. The full committee will then meet weekly to review the situation and provide recommendations to the prime minister regarding Pakistan’s oil supply security.
The committee’s mandate includes monitoring forward and futures prices of petroleum products, assessing supply chain predictability, and determining the foreign exchange implications of price volatility. It will also develop contingency plans to prevent supply disruptions and analyze the fiscal impact of a prolonged conflict.
What’s next
The government, thru the Petroleum Division‘s secretarial support, aims to ensure the effective implementation of the committee’s mandate, reinforcing its commitment to energy security and market stability during this period of international uncertainty. Continued monitoring of the oil supply and petroleum products prices is expected.