By S. M. Inam
KARACHI: Pakistan is set to receive three petrol tankers today, as the federal and Sindh governments met to review emergency steps amid rising global oil prices that threaten the country’s fuel import bill.
Federal Finance Minister Muhammad Aurangzeb confirmed the arrival of the tankers and said alternative plans are being prepared to manage the financial impact of escalating crude oil prices, which could reach $120 per barrel if Middle East tensions worsen. He added that Pakistan’s monthly oil import bill may rise to $600 million.
The meeting at the Chief Minister’s House in Karachi was attended by Sindh Chief Minister Murad Ali Shah, Petroleum Minister Ali Pervaiz Malik, and other federal and provincial officials. A detailed briefing highlighted the country’s current fuel reserves and the potential effects of continued global oil price increases.
Officials agreed to maintain close coordination between the federation and provinces to prevent fuel hoarding and ensure uninterrupted supply. Diplomatic contacts with Saudi Arabia, Oman, and the United Arab Emirates are ongoing to secure alternative fuel sources, including routes bypassing the Strait of Hormuz.
Murad Ali Shah emphasized that responsible energy use and public cooperation are essential. He said maintaining the national economy remains a top priority, and proposals from the meeting will be submitted to the cabinet for further action.
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