Pakistan planning to maintain strategic crude oil reserves: PM

Shehbaz Sharif says energy security vital for any future planning: Timely steps have averted crisis: Orders speeding up establishment of charging stations for electric vehicles

Published: 01:01 PM, 23 Apr, 2026
Pakistan planning to maintain strategic crude oil reserves: PM
Caption: Video grab

Prime Minister Shehbaz Sharif while calling energy security a vital part of the country’s future planning, has said that the government’s timely measures regarding energy conservation in the current regional situation averted a crisis, reported 24NewsHD TV channel.

Chairing a high-level meeting regarding energy security in Islamabad on Thursday, PM Shehbaz Sharif said that work was underway on a plan to maintain strategic reserves of crude oil in the country, keeping in view future energy needs.

The prime minister said for energy conservation and sustainable development, means of transportation should be gradually transitioned to eco-friendly electric vehicles (EVs).

Shehbaz Sharif directed to purchase only electric buses and motorcycles for government use in the future and accelerate the establishment of charging stations for EVs.

Calling for a strategy to facilitate the acquisition of batteries for the storage of surplus solar electricity, he said that local manufacturing of high-quality storage batteries should also be encouraged.

During the briefing, the participants of the meeting were told that the National Coordination and Management Council (NCMC) was reviewing the energy situation on a daily basis. It was informed that sufficient stocks of petroleum products were available, and the food security situation in the country was also stable.

The participants were told that through the continuous efforts of oil and gas companies, local production of gas and oil was increasing and a PC-I was being prepared for two pilot projects for battery storage at the grid level. Besides, the domestic consumers generating solar energy were being encouraged to install battery storage.

Federal ministers Musadik Masood Malik, Ahad Khan Cheema, Muhammad Aurangzeb, Sardar Awais Leghari, Attaullah Tarar, Ali Pervez Malik, Ahsan Iqbal, Advisor to the Prime Minister on Privatization Muhammad Ali, Minister of State Bilal Azhar Kayani, Special Assistant Haroon Akhtar, and relevant senior government officials attended the meeting.

Reporter Awais Kiyani

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