Overview
- The new 18- to 19-member body held its first emergency session in Islamabad chaired by Finance Minister Muhammad Aurangzeb.
- Officials reported petroleum stocks at comfortable levels with no immediate supply stress; contingency planning is underway.
- The panel will review forward and futures prices, assess foreign-exchange exposure, evaluate fiscal risks, and recommend measures to keep markets supplied.
- Oversight includes LNG and LPG positions, shipment schedules, terminal operations, and alternate sourcing to deter hoarding and prevent disruptions.
- Risks flagged include potential impacts if the Strait of Hormuz or Bab al-Mandeb face sustained disruptions, with pricing adjustments to follow established mechanisms to avoid abrupt shocks.