Adequate petroleum stocks available; strict action warned against hoarding

ISLAMABAD, (UrduPoint / Pakistan Point News - 5th Mar, 2026) The government on Thursday assured the public that the country currently holds sufficient stocks of petroleum products to meet national demand and that there is no need for panic buying or hoarding.

In view of the prevailing geopolitical situation, authorities are closely monitoring the petroleum supply chain to ensure the uninterrupted availability of products across the country.

“The existing stock position remains comfortable and well within the prescribed requirements,” a spokesperson for the Oil and Gas Regulatory Authority (OGRA) said in a statement.

The spokesperson said that strict action would be taken against any individual or entity found involved in the illegal hoarding or storage of petroleum products at unauthorized locations, particularly at places other than duly licensed oil depots and retail outlets of Oil Marketing Companies (OMCs).

Reports have indicated that certain elements may attempt to hoard petroleum products for profiteering under such circumstances.

To curb such practices, all provincial chief secretaries have been requested to direct deputy commissioners (DCs) to conduct inspections within their respective jurisdictions. Any premises found involved in the illegal storage of petroleum products will be sealed, and action will be taken in accordance with the law.

Meanwhile, teams of OGRA are actively monitoring the situation in the field. Inspections are being carried out at oil depots and retail outlets to ensure the smooth supply of petroleum products and to prevent any malpractice.

The public has been advised not to pay attention to rumors and to maintain normal consumption patterns, as the petroleum supply situation in the country remains stable.