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The Oil and Gas Regulatory Authority (OGRA) has directed all Oil Marketing Companies (OMCs) to maintain fuel reserves to ensure uninterrupted supply across the country amid evolving market conditions following the Iran-Israel conflict.
In a statement issued on Saturday, OGRA spokesperson Imran Ghaznavi said all OMCs have been instructed to maintain the mandatory 20-day fuel reserves as required under their licensing terms.
“OGRA further emphasises that companies must fully comply with these conditions to ensure smooth fuel supply nationwide,” the statement said.
Ghaznavi added that Pakistan currently has sufficient petroleum reserves to meet domestic demand.
“There are adequate petroleum stocks in the country to meet present consumption levels. OGRA is actively monitoring the situation and ensuring strict oversight to uphold national energy security,” he said.
He further noted that proactive steps are being taken to address future energy requirements and respond to shifting market dynamics.
“OGRA remains committed to ensuring uninterrupted energy supply and strengthening national energy security,” Ghaznavi affirmed.
Iran–Israel Conflict
The recent conflict between Iran and Israel has escalated into the most intense direct confrontation in their history, as both countries exchange large-scale strikes.
Israel launched “Operation Rising Lion” with a surprise attack on June 13, targeting Iranian military leadership, nuclear facilities, and ballistic missile production sites.
The operation resulted in the deaths of hundreds, including top Iranian commanders and nuclear scientists.
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In retaliation, Iran launched waves of drones and missiles at Israeli targets over the weekend, hitting both military bases and civilian infrastructure.
More than 24 people were killed in Israel, and dozens more were injured. Iranian authorities say more than 400 civillians, including women and children have been kllled in Israeli assault.
Among those killed in the Israeli strikes were the intelligence chief of Iran’s Islamic Revolutionary Guard Corps (IRGC) and two senior generals alongside Iran’s eight nuclear scientists.
