Pakistan says fuel stocks stable, no basis for panic buying

KARACHI: Pakistan’s fuel supplies remain stable and there is no need for panic buying, the finance minister said on Monday, urging the public to avoid stockpiling petroleum products. The development comes as the conflict between the US, Israel and Iran continues to disrupt global oil supply, with fuel prices surging globally. While Pakistan has announced austerity measures to curb fuel consumption, it has set up a cabinet committee on petrol prices to daily monitor the situation.

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