The Oil and Gas Regulatory Authority (OGRA) has instructed all Oil Marketing Companies (OMCs) to maintain a 20-day fuel reserve to ensure an uninterrupted supply across Pakistan, as global market conditions remain volatile due to the ongoing Iran-Israel conflict.
In an official statement on Saturday, OGRA spokesperson Imran Ghaznavi confirmed that OMCs are required to uphold this reserve mandate as per their licensing agreements.
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“OGRA has reinforced compliance with these regulations to guarantee seamless fuel distribution nationwide,” the statement read.
Ghaznavi assured that Pakistan currently possesses sufficient petroleum stocks to meet domestic needs.
“The country has ample fuel reserves to cover current demand. OGRA is closely monitoring the situation and enforcing strict oversight to safeguard national energy security,” he stated.
He added that preemptive measures are being implemented to address potential energy challenges and adapt to changing market trends.
“OGRA is dedicated to maintaining a stable energy supply and enhancing the country’s energy security,” Ghaznavi emphasized.
Background: Escalating Iran-Israel Conflict
The recent hostilities between Iran and Israel have marked the most severe direct confrontation between the two nations, with both sides launching large-scale attacks.
On June 13, Israel initiated “Operation Rising Lion,” striking Iranian military installations, nuclear facilities, and missile production sites. The assault reportedly killed hundreds, including high-ranking Iranian commanders and nuclear scientists.
In retaliation, Iran launched drone and missile strikes targeting Israeli military and civilian infrastructure over the weekend. Iranian officials claim over 400 civilians, including women and children, have died in Israeli attacks.
Among the casualties were the intelligence chief of Iran’s Islamic Revolutionary Guard Corps (IRGC), two senior generals, and eight nuclear scientists.
The conflict has heightened global concerns over regional stability and energy supply chains, prompting precautionary measures from countries like Pakistan to secure fuel reserves.
