The Oil and Gas Regulatory Authority (OGRA) has directed all oil marketing companies (OMCs) to maintain fuel reserves to ensure uninterrupted supply across the country amid evolving market conditions following the Iran-Israel conflict.
In a statement issued on Saturday, OGRA spokesperson Imran Ghaznavi said all OMCs have been instructed to maintain the mandatory 20-day fuel reserves as required under their licensing terms.
“OGRA further emphasises that companies must fully comply with these conditions to ensure smooth fuel supply nationwide,” the statement said.
Ghaznavi added that Pakistan currently has sufficient petroleum reserves to meet domestic demand.
“There are adequate petroleum stocks in the country to meet present consumption levels. OGRA is actively monitoring the situation and ensuring strict oversight to uphold national energy security,” he said.
He further noted that proactive steps are being taken to address future energy requirements and respond to shifting market dynamics.
“OGRA remains committed to ensuring uninterrupted energy supply and strengthening national energy security,” Ghaznavi affirmed.
