Pakistan’s Petroleum Minister Ali Pervaiz Malik has warned that if the ongoing conflict does not come to an end, oil prices could double and supply disruptions may occur.

Speaking on Geo News’ program Capital Talk, the minister said that Pakistan has arranged oil imports from the United States, Africa, Libya, and Nigeria to maintain supply. However, he noted that the arrival of new shipments will take time.

Meanwhile, addressing the National Assembly, Finance Minister Muhammad Aurangzeb stated that despite rising global oil prices and shortages in some countries, Pakistan has managed the situation effectively. He added that the government has not only announced subsidies but is also ensuring their implementation.

The finance minister further said that there has been no negative impact so far on imports and exports, and Pakistan continues to play an active diplomatic role internationally. However, he acknowledged that the country’s energy infrastructure is facing challenges. He revealed that subsidies worth Rs. 129 billion were provided on petroleum products between March 14 and April 4, along with targeted support for small farmers.

According to sources, despite austerity measures, government subsidies, and rising prices, domestic demand for oil has not decreased. In the next phase, there is a possibility of petroleum product rationing. Sources added that if the conflict prolongs, the government may shift its focus toward conserving oil reserves, which could lead to limited fuel supply across the country.