ISLAMABAD: Federal Finance Minister says that three petrol ships are expected to reach Pakistan by tomorrow
Federal Finance Minister Muhammad Aurangzeb has stated that three ships carrying petrol are expected to arrive in Pakistan by tomorrow.
According to details, Federal Finance Minister Muhammad Aurangzeb and Minister for Petroleum Ali Pervaiz Malik held a meeting with Sindh Chief Minister Murad Ali Shah to discuss emergency measures for addressing the energy crisis.
A spokesperson said that during the meeting at Chief Minister House in Karachi, a detailed briefing was provided on the rise in global oil prices and the status of fuel reserves.
The federal ministers informed that if the Middle East conflict escalates further, crude oil prices could reach up to $120 per barrel.
Finance Minister Muhammad Aurangzeb said alternative plans are being prepared to cope with the financial impact of rising oil prices.
He added that three petrol shipments are expected to reach Pakistan by tomorrow, and the country’s monthly oil import bill could increase to as much as $600 million.
The Petroleum Minister stated that a request will be made to the IMF for relief in the petroleum levy.
It was also decided to maintain close coordination between the federal government and provinces to deal with the energy situation.
The meeting resolved to enhance coordination between the federal and provincial governments to prevent hoarding.
The federal ministers said diplomatic contacts are ongoing with Saudi Arabia, Oman, and the UAE for alternative fuel supply arrangements.
Efforts are being made to ensure oil supply through routes other than the Strait of Hormuz.
Chief Minister Sindh Murad Ali Shah emphasized the need for responsible use of energy and public cooperation, stating that keeping the national economy running remains the government’s top priority.
All proposals discussed in the meeting will be presented to the federal cabinet for consideration.
