ISLAMABAD: The federal government in coordination with provinces has prepared emergency measures to deal with a possible energy crisis triggered by rising tensions in the Middle East and the potential disruption of oil supplies through the Strait of Hormuz.
Officials say the government has finalized a comprehensive energy-saving plan aimed at reducing the country’s reliance on imported petroleum products and liquefied natural gas (RLNG).
The proposal is expected to be presented to Prime Minister Shehbaz Sharif for final approval, after which the measures could be implemented immediately.
According to government sources, the strategy includes a three-phase framework with dozens of policy recommendations designed to reduce fuel consumption and manage energy demand during a potential supply disruption.
Under the proposed measures, petroleum prices may be revised on a weekly basis from March 8, while government meetings will increasingly be conducted virtually to reduce travel and fuel usage.
Authorities are also considering increasing the number of public holidays, similar to arrangements adopted during the COVID-19 pandemic.
In the second phase of the plan, private schools, universities and some institutions may adopt online assignments and digital learning systems to limit transportation needs and conserve energy.
Meanwhile, a meeting chaired by Finance Minister Muhammad Aurangzeb reviewed the situation and discussed steps to monitor petroleum prices and ensure stability in the energy market.
