Participants expressed satisfaction that the fuel supply situation across the country remains stable and adequate, according to the statement.
The federal and provincial governments have agreed to accelerate efforts to implement a targeted subsidy framework for petroleum products using technology, amid rising global oil prices.
The decision followed a high-level consultative meeting on the petroleum products situation chaired by Finance Minister Muhammad Aurangzeb at the Finance Division, the finance ministry said in a statement on Friday.
The meeting began with a detailed presentation by the Petroleum Division on the current status of petroleum product availability in the country. Participants expressed satisfaction that fuel supplies remain stable and adequate nationwide.
“The Ministry of Information Technology and Telecommunication also presented proposed technological solutions to support a targeted subsidy mechanism for petroleum products, emphasizing transparency and efficient delivery,” the statement added.
The provincial leadership shared their perspectives on the current situation and policy options. Sindh Chief Minister Murad Ali Shah lauded the federal government’s efforts in ensuring uninterrupted fuel supply, while stressing the need for behavioral measures to encourage fuel conservation.
Punjab Senior Minister Marriyum Aurangzeb, representing the provincial government, highlighted the need to develop multiple policy scenarios in response to the evolving petroleum price situation. She stressed that any reduction in international petroleum prices should be passed on effectively to consumers and underscored the importance of behavioral measures in crisis management to promote sustainable consumption.
Khyber Pakhtunkhwa Finance Minister Muzzammil Aslam praised the federal government for efficiently managing the oil supply, noting that Pakistan’s petroleum supply management has been comparatively better than many regional countries.
Balochistan Minister for Finance and Mines & Mineral Development, Mir Shoaib Nosherwani, also shared his insights during the meeting.
The Finance Division briefed participants on the fiscal situation, noting that available fiscal space is limited, mainly confined to revenues from the petroleum levy.
“The participants agreed to expedite efforts to finalize a targeted subsidy framework using technological solutions while ensuring continued coordination between the federal and provincial governments,” the statement added.
“It was stressed that any relief measures should be carefully designed to maintain macroeconomic stability.”
In his remarks, the finance minister highlighted that the current situation should be viewed as an opportunity to implement structural reforms rather than as a constraint.
He underscored the importance of data-driven decision-making, particularly in taxation and subsidy design, to ensure transparency, efficiency, and more effective targeting of relief.
The minister also emphasized promoting responsible consumption and ensuring that policy responses remain fiscally prudent while maximizing benefits for the public.
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