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Pakistan mulls energy conservation measures as oil prices rise,

image sourced from original article at https://www.arabnews.com/node/2635676/pakistan

Pakistan's federal and Sindh governments have discussed emergency energy conservation measures as global oil prices surge amid escalating tensions involving Iran, Israel and the United States. Petrol and diesel prices in Pakistan have risen sharply after global oil prices climbed above 90 dollars per barrel, with fears they could reach 120 dollars if the conflict worsens and key shipping routes remain disrupted.

Federal ministers told Sindh officials that Pakistan's monthly oil import bill could increase by 600 million dollars. Authorities are closely monitoring global energy markets, developing a joint dashboard with provinces to track fuel reserves and increasing coordination to prevent hoarding. Three petrol cargo ships are expected to arrive soon to ease immediate supply concerns.

The government is also pursuing diplomatic contacts with Saudi Arabia, Oman and the United Arab Emirates to secure alternative fuel supplies and exploring shipping routes beyond the Strait of Hormuz. In addition, Pakistan plans to seek relief from the International Monetary Fund regarding the petroleum levy as it prepares for talks related to its financial support program.

Original article source: https://www.arabnews.com/node/2635676/pakistan
Source Id: 2026-03-1002064378

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