ISLAMABAD: The federal government has decided in principle to significantly enhance the country’s strategic petroleum reserves, aiming to build stockpiles sufficient for up to 90 days, amid growing concerns over energy security and global supply uncertainties.
According to media reports, the move is part of a broader strategy to shield Pakistan from potential disruptions in international oil markets, particularly in light of evolving geopolitical tensions and volatility in global crude prices.
Officials said the initiative would involve developing a comprehensive framework for expanding storage capacity and maintaining larger reserves of crude oil and petroleum products. Relevant authorities, including regulatory and energy bodies, are expected to finalise proposals and implementation mechanisms in the coming weeks.
The decision reflects the government’s recognition of energy security as a critical component of economic stability and national planning. Pakistan has historically maintained relatively limited reserves, making it vulnerable to external shocks in supply and price fluctuations.
Recent discussions at the policy level have emphasised the need for long-term planning to ensure uninterrupted fuel availability, especially during emergencies or global crises.
Sources indicated that increasing reserves to the 90-day level would bring Pakistan closer to international best practices, where many countries maintain substantial strategic stockpiles to manage supply disruptions.
The development comes as authorities continue to explore broader energy reforms, including diversification of energy sources and measures aimed at reducing reliance on imported fuels.
