Pakistan

ISLAMABAD: A committee tasked with monitoring petrol prices was informed on Monday that Pakistan was “adequately positioned in terms of fuel availability”, with March requirements fully secured and, based on current cargo planning and supply arrangements, coverage was available up to mid-April. The development comes after the government announced a Rs55 per litre hike in the prices of both petrol and high-speed diesel to deal with the fuel crunch resulting from the ongoing Middle East conflict. According to a finance ministry statement, the committee was briefed today on the national inventory of crude oil and refined petroleum products, ongoing import arrangements, and supply chain logistics. The committee was informed that the country “remains adequately positioned in terms of fuel availability, with March requirements fully secured”. It was further briefed that, “based on current cargo planning and supply arrangements, coverage is available up to mid-April” and efforts were being taken to extend coverage t...

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