Government Forms High-Level Committee to Monitor Petroleum Supply Amid Regional Tensions

Islamabad:** In view of the tense situation in the Middle East, the government has established a special high-level committee to closely monitor petroleum products across the country.

The 18-member committee, formed under the leadership of the Finance Minister, will keep a close watch on petroleum prices and available stock levels. The move aims to ensure market stability and prevent potential shortages during the ongoing regional crisis.

The committee will conduct daily assessments of demand and supply of petroleum products and prepare regular reports on stock positions and supply flows. Following daily monitoring, a comprehensive report will be submitted to the Prime Minister for review and necessary policy decisions.

The panel includes key stakeholders such as the Ministers for Energy and Petroleum, the Governor of the State Bank of Pakistan, and the Chairman of the Federal Board of Revenue (FBR).

Officials say the formation of the committee reflects the government’s proactive approach to safeguarding energy security and maintaining economic stability amid heightened geopolitical uncertainty.