Pakistan has only 5–7 days crude oil reserves

ISLAMABAD: Federal Petroleum Minister Ali Pervaiz Malik has raised concerns over Pakistan’s fuel reserves amid ongoing geopolitical tensions involving the Iran–US conflict.

He also highlighted Pakistan’s limited strategic reserves and the need for urgent energy security planning.

Limited oil and petrol reserves in Pakistan

During the interview, the petroleum minister revealed that Pakistan currently holds only 5 to 7 days of crude oil reserves.

He further stated that the country does not even have petrol reserves for a single day, making the energy system highly vulnerable to external shocks.

According to him, this situation highlights the urgent need to strengthen storage capacity and improve long-term energy preparedness.

Concerns over global oil prices

Ali Pervaiz Malik noted that in history, Dubai crude prices have never reached as high as $170, pointing to extreme volatility in global markets.

He said the government is attempting to reduce public hardship and has tried to provide subsidies where possible.

He added that the Prime Minister has closely monitored the situation to ensure petrol availability despite rising global uncertainty linked to the Iran–US conflict.

The minister stressed that Pakistan must reorganize its energy preparedness in light of global risks.

He said that diesel plays a crucial role in the country’s economy and transportation system, making its pricing and supply highly sensitive.

He also mentioned that discussions with the Prime Minister and relevant authorities have led to the decision to prepare a 30-day crude oil program to improve energy security.