Pakistan Scrambles to Save Fuel Amid Oil Price Spike

Global Oil prices surged past $100 per barrel on Monday as tensions from the ongoing US–Iran War disrupted energy markets. The spike marked the first time in nearly four years that crude crossed this level. Countries dependent on imports began scrambling to secure fuel supplies and manage economic pressure. The sudden jump in prices raised concerns about inflation and energy shortages worldwide.

In response, Shehbaz Sharif announced multiple fuel-saving measures across Pakistan. The government plans to reduce workforce attendance and shift to a four-day workweek to limit fuel consumption. Officials will also cut government spending and reduce fuel allocations for official vehicles. Authorities aim to protect the economy while preventing additional financial pressure on citizens.

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Pakistan moves to conserve fuel reserves as Oil prices spike above $100 per barrel

The government also ordered schools to close for two weeks while universities shift to online classes. Cabinet ministers will forgo their salaries for the next two months as part of austerity measures. Officials have banned unnecessary foreign tours and directed departments to hold meetings in government buildings instead of hotels. These steps aim to reduce operational costs and fuel usage.

Meanwhile, Maryam Nawaz Sharif introduced additional restrictions in Punjab province. Authorities cut petrol and diesel allowances for government officers by half and limited official protocol vehicles. The provincial administration encouraged work-from-home policies and suspended outdoor government events. Local administrations will also monitor fuel supplies and transport fares closely.

Oil markets eased slightly after Donald Trump suggested that the conflict with Iran could end soon. His remarks helped calm fears about prolonged disruptions to global oil supply. Prices dropped more than six per cent following the statement. Despite the decline, analysts warn that continued geopolitical tensions could keep energy markets volatile.

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