Pakistan Hit By Oil Crisis? Petroleum Minister Admits 'Oil Reserves To Last For Few Days Amid War'

Pakistan on Friday acknowledged its inability to handle rising global oil prices, saying it does not have the kind of strategic oil reserves that have helped India manage the crisis. The admission comes at a time when crude oil prices have surged sharply due to tensions in West Asia and disruptions in global supply routes. According to an ANI report, Pakistan’s petroleum minister Ali Pervaiz Malik, in a TV interview, said that the country only has a few days’ worth of oil supplies and lacks any strategic reserves to fall back on.

The surge in prices, which recently crossed $125 per barrel, has put heavy pressure on fuel-importing countries. With shipping affected in the Strait of Hormuz due to ongoing double blockade by the US and Iran, concerns over energy security have grown, especially for nations with limited reserves.

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Видео Pakistan Hit By Oil Crisis? Petroleum Minister Admits 'Oil Reserves To Last For Few Days Amid War' канала MIRROR NOW