A parliamentary special committee has proposed expanding strategic fuel reserves to cover a minimum of three months of demand, while urging diversi?ed import sources and stronger measures to curb hoarding and smuggling.
the committee’s chief Energy Minister Iqbal Hassan Mahmood presented the report on the opening day of the FY2026-27 budget session in parliament recently.
the report, titled Actions Required to Mitigate the Recent Fuel Situation, outlines strategies to safeguard national energy security. The report said recent pressure on the country’s fuel supply system was driven by rising international oil prices, con?ict in West Asia, disruptions in shipping through the Strait of Hormuz, global supply chain instability, and domestic factors including panic buying, illegal stockpiling and black market activity.
it added that the impact was felt across transport, agriculture, industrial production and the daily lives of citizens.