Pakistan expects to stabilize its fuel supply by April despite rising global energy prices driven by conflict in the Middle East, Finance Minister Muhammad Aurangzeb said. Disruptions in the Strait of Hormuz, linked to strikes between the United States and Israel and Iran, have increased pressure on international oil markets.

Earlier this month, Pakistan raised petroleum prices sharply, pushing petrol above Rs320 per liter and diesel close to Rs336 per liter, adding to inflationary strain. The government responded with austerity measures including a four-day work week for public offices, partial remote work requirements, and temporary school closures.

Aurangzeb said authorities are reviewing procurement sources, logistics, maritime routes, and diplomatic channels daily to manage supplies. While inflation has eased significantly from its 2023 peak, he acknowledged that fuel costs continue to affect the broader economy and stressed that national resources remain limited.

The minister urged the private sector to play a leading role in helping the country navigate the crisis, expressing confidence that cooperation between government and business leaders would help Pakistan emerge stronger.