Day: March 8, 2026

Sindh CM, federal ministers review energy situation amid rising global oil prices Emergency conservation measures discussed as Middle East tensions threaten fuel supplies

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Sindh CM petrol meeting

KARACHI (March 8): Sindh Chief Minister Syed Murad Ali Shah on Sunday held a meeting with Federal Finance Minister Muhammad Aurangzeb and Federal Petroleum Minister Ali Pervaiz Malik to review the evolving regional situation and its possible impact on Pakistan’s energy supplies and economy.The meeting, held at the CM House in Karachi, was attended by Sindh Home Minister Ziaul Hassan Lanjar, Chief Secretary Asif Hyder Shah, Secretary Energy Shuhab Ansari and other officials. The federal delegation included Additional Secretary Petroleum Division Zafar Abbas, Executive Director Oil and Gas Regulatory Authority…

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Global Energy Security and the Strategic Importance of Oil Chokepoints

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oil-industry

Global energy markets rely on a network of critical maritime routes that transport oil from producing regions to major consuming economies. While oil is traded globally, it does not move freely across oceans. Instead, much of the world’s supply passes through a small number of narrow maritime chokepoints that serve as vital arteries for international energy trade. In 2023, global oil consumption averaged about 100 million barrels per day. A significant portion of this supply moves through a few highly concentrated routes. The Strait of Hormuz is the most important…

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Regional Comparison of Petroleum Prices After Recent Increase

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The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) expresses serious concern over the sharp increase of Rs. 55 per litre in petrol and diesel prices. This sudden hike has pushed Pakistan’s fuel prices significantly higher than most countries in the region, placing additional pressure on businesses, industries, transporters, farmers, and the general public. Regional Petrol Price ComparisonCountryPrice in Local CurrencyPrice in USD (Approx.)Pakistan PKR 321.17 $1.15India INR 94.77 $1.03SriLanka LKR 293.00 $0.94Bangladesh BDT 116.00 $0.95 Economic ConcernsAfter this increase, Pakistan now has the highest petrol prices among key…

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