• Mon. Sep 21st, 2026

Petrol Could Hit Rs. 1,000/Litre if Shortage Develops: Ali Pervaiz Malik

Petroleum Minister Ali Pervaiz Malik petrol price warning

Federal Petroleum Minister Ali Pervaiz Malik has issued a stark warning that petrol price Rs 1000 litre shortage warning could become reality if the country’s fuel supply position worsens in the coming weeks. Speaking to media in Lahore, the minister said there is currently no petrol shortage in Pakistan, but prices could rise sharply if supplies become scarce.

The statement immediately drew attention because it linked, for the first time so directly, the risk of a supply shortfall with a specific, alarming price figure that is nearly double the current pump rate. For a country where fuel prices already dominate household budgets and transport costs, the warning has added a fresh layer of anxiety to an already tense economic conversation.

Global Oil Prices Behind the Warning

According to Ali Pervaiz Malik, international oil prices have increased significantly across Europe and the United States, with global crude benchmarks climbing by roughly 80 percent. He said Pakistan has so far passed on only around 50 percent of that increase to domestic consumers, meaning the government has been absorbing a large share of the global price shock rather than transferring it entirely to the public at the pump.

This partial pass-through explains why local petrol prices, while rising, have not moved in lockstep with the sharper swings seen in international markets. But it also means that if global prices continue climbing or a supply disruption hits, the government may eventually have less room to cushion consumers from the full impact, which is the scenario behind the minister’s Rs. 1,000 per litre warning.

Government Response for Winter Gas Supply

Alongside the petrol warning, the minister also addressed concerns about winter gas availability. He said the government would ensure that people do not face a gas shortage during the winter months, even if it means spending significantly more on imports than in previous years, citing a possible jump from around $3 million to as much as $100 million in gas import spending if required.

This commitment signals that the government is prepared to absorb higher import costs rather than risk domestic gas shortages during peak winter demand, a politically sensitive issue given how heating and cooking gas shortages have affected households in past years.

For now, motorists, transporters and industries that depend on fuel are being advised to watch official announcements closely. While the minister’s comments were framed as a caution rather than a confirmed price hike, the scale of the number mentioned, Rs. 1,000 per litre, has already shifted the public conversation from whether prices will rise to how high they could realistically go if the supply situation does not improve.

This warning comes as officials and the public continue to debate how much of the fuel price burden the government should absorb versus consumers.

Industry stakeholders, including the Oil Companies Advisory Council, have separately urged the government to expedite decisions on marketing margins and outstanding claims, arguing that stable and predictable policy is essential for fuel supply chains to function smoothly. Any prolonged uncertainty over pricing or margins can affect the willingness of oil marketing companies to maintain adequate stock levels, which in turn raises the risk of localized shortages even when national supply appears adequate on paper.

For now, the government maintains that its primary focus is ensuring uninterrupted fuel availability while gradually adjusting prices in line with global trends. Officials have not ruled out further consultations with industry representatives in the coming weeks as the situation develops.