ISLAMABAD: The Pakistani government has directed oil companies to maintain additional stocks of petroleum products to prevent any disruption in fuel supplies amid rising tensions between Iran and Israel.
Authorities fear that the ongoing regional conflict could halt the supply of petroleum products at any time. To counter this threat, the government has ordered the immediate purchase of 140 million liters of petrol to bolster the national reserves.
The Oil and Gas Regulatory Authority (OGRA) has issued formal instructions to oil companies to maintain a minimum stock of 20 days of fuel. Following these instructions, Pakistan State Oil (PSO) has launched an emergency tender to purchase about 70 million liters of petrol.
An oil tanker, which was originally scheduled to arrive on July 6 with about 70 million liters of petrol, has been rerouted to reach Karachi port by June 26.
Read more: Petrol prices likely to increase in Pakistan from July 01, Check expected rates inside
Amid the dire situation, the Sharif-led government is also considering issuing more emergency tenders to ensure uninterrupted fuel supply across Pakistan.
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