India gets oil with a single signature, unlike Pakistan

  • Admission by Pakistan's Federal Petroleum Minister Ali Pervaiz Malik

  • Petrol stocks exhausted in Pakistan

Pakistan’s Federal Petroleum Minister Ali Parvez Malik

Islamabad (Pakistan) – Pakistan currently has only 5 to 7 days of crude oil stock available. Furthermore, it does not have even a single day’s worth of petrol stock remaining. Pakistan’s energy system has become extremely vulnerable. This situation highlights the need to increase storage capacity and improve long-term energy preparedness. In an interview with ‘Samaa TV’, Pakistan’s Federal Petroleum Minister Ali Pervaiz Malik admitted that Pakistan is not in a position like India, which secures enough oil stock to last 60 to 70 days with just a single signature.

​Malik further added,

“The fact that the US-Iran war is not ending soon has created uncertainty in the global energy market. Pakistan needs to implement ‘energy security planning’ immediately. Historically, crude oil prices in Dubai had never reached 170 dollars. This situation is a sign of extreme instability in the global market. The government is trying to reduce the suffering of the people and provide subsidies wherever possible. To improve Pakistan’s energy security, it has been decided to prepare a 30-day ‘Crude Oil Program’.”

Editorial Perspective

What could be more ridiculous than a country reduced to beggary acting as a mediator to end a war between two major nations ?