Deputy Prime Minister Ishaq Dar was informed by the petroleum ministry on Monday that the country has sufficient reserves of POL products till the third week of June.

The information was conveyed to the deputy premier during a high-level meeting to review the country’s petroleum, oil, and lubricants stock position.

“The Petroleum Ministry briefed the committee on the prevailing supply…

Prime Minister Shehbaz Sharif on Wednesday said that the country’s weekly oil bill has reached $800 million due to the ongoing oil crisis arising from the Middle East conflict.

Global fuel prices have skyrocketed over the past two months as shipping through the Strait of Hormuz remains paralysed since the US and Israel launched joint strikes on Iran on February 28.

Addressing a meeting of the…