Oil industry prompts government to discourage hoarding as petrol stocks decline to 14-day cover

Pakistan's oil stocks have dwindled to a precarious 14-day supply, causing the government to take action against profiteering and hoarding. This decline is occurring against a backdrop of escalating prices due to renewed tensions between the US and Iran. The government is revisiting past fuel conservation measures, highlighting the potential for serious supply issues and the broader economic impact of geopolitical unrest on local markets. This situation underscores the vulnerability of national economies to global conflicts and fluctuating energy prices.