Federal Petroleum Minister Ali Pervaiz Malik has said Pakistani consumers could receive relief in fuel prices if international oil prices decline. He said the government would pass on the benefit of lower global prices without unnecessary delay.
Speaking in Lahore, Malik said domestic petroleum prices were being adjusted according to movements in international oil markets. He ruled out unconditional relief while global oil prices remain high, saying the government wants to avoid policies that could create additional pressure on the national economy.
The minister referred to the subsidy policy adopted in 2022 and warned against repeating measures that could become financially unsustainable. He said Prime Minister Shehbaz Sharif remains committed to providing maximum possible relief to citizens within available economic resources.
Malik said the government had not added unnecessary increases to fuel prices beyond the impact of rising international oil rates. Any significant decline in global crude prices could therefore create room for lower prices in Pakistan.
The minister also discussed Pakistan’s gas supply situation ahead of the winter season. He described the upcoming winter as a major challenge for the country’s energy sector as demand for gas is expected to increase.
A gas supply plan has already been presented to the prime minister and the federal cabinet. According to Malik, important decisions on the plan are expected within two days. He also highlighted Pakistan’s dependence on gas supplies from Qatar and warned that any disruption could create difficulties for domestic consumers.
The government is also preparing for possible pressure on gas availability during the winter months. Higher demand combined with supply constraints could create additional challenges for households and businesses.
Malik further announced that he would travel to Riyadh next week and carry a message of solidarity for Saudi Arabia. He described the regional situation as highly sensitive and said Pakistan condemned attacks against Saudi Arabia.
The minister also acknowledged Saudi Arabia’s cooperation in maintaining oil supplies to Pakistan during difficult circumstances. He said Pakistan would express appreciation for the kingdom’s support during his upcoming visit.
Malik also called for national unity amid the country’s political and security challenges. He urged the Khyber Pakhtunkhwa chief minister and other political leaders to prioritise national interests over political differences.
For Pakistani consumers, international oil prices will remain a key factor in determining future petrol and diesel rates. Any sustained decline in global prices could eventually translate into relief at fuel stations, although the final domestic prices will depend on the government’s pricing mechanism and prevailing international rates.
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