Prime Minister Shehbaz Sharif has directed authorities to enhance Pakistan's strategic petroleum reserves while the cabinet committee approved amendments to the Oil Refining Policy 2023.During a meeting chaired by the PM, officials received updates on refinery modernization, energy sector reforms, and policy implementation.
The premier emphasized that upgrading refineries is critical for national energy security, enabling the country to meet domestic needs, reduce reliance on imported fuel, and produce eco-friendly alternatives.The reforms aim to align refining capabilities with global standards, ensuring sustainable energy solutions.This move underscores Pakistan's efforts to strengthen its energy infrastructure amid rising demand and geopolitical uncertainties.
Experts note that these changes could bolster economic resilience by minimizing fuel import costs and promoting self-sufficiency in critical energy sectors.
Original title: PM orders increase in country's strategic petroleum reserves; changes to oil refining policy approved
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