KARACHI: Sindh Chief Minister Syed Murad Ali Shah met with Federal Finance Minister Muhammad Aurangzeb and Federal Petroleum Minister Ali Pervaiz Malik to assess the current energy situation in Pakistan. The meeting, held at the CM House in Karachi, focused on the implications of rising global oil prices and the potential impact of Middle East tensions on the country’s fuel supply.

According to Chief Minister Sindh, the meeting included key provincial and federal officials who discussed emergency energy conservation strategies to manage fuel consumption and maintain economic activities. Federal officials highlighted the risk of crude oil prices reaching $120 per barrel, which could strain Pakistan’s economy.

Chief Minister Shah underscored the importance of responsible energy use and public cooperation. He noted that proposals from the meeting would be presented to the cabinet for further consideration. Finance Minister Aurangzeb emphasized the federal government’s vigilance in monitoring global markets and preparing for potential financial repercussions, such as a $600 million increase in the monthly oil import bill.

Petroleum Minister Malik echoed the necessity of fuel conservation to extend the lifespan of current reserves. The meeting also addressed the potential impact of Qatar’s force majeure declaration on LNG supplies and discussed alternative fuel procurement from Saudi Arabia, Oman, and the UAE.

Efforts to prevent hoarding and ensure smooth fuel distribution were also prioritized, alongside plans to negotiate relief in petroleum levies with the International Monetary Fund. Both federal and provincial participants committed to ongoing coordination to manage the energy situation and protect economic stability.