Pakistan is actively considering the resumption of crude oil and natural gas imports from Iran, according to Federal Minister for Petroleum Ali Pervaiz Malik.
The minister stated on Sunday that the government is evaluating the option to source cheaper energy from its neighbor, aiming to address persistent domestic fuel price pressures that have outpaced reductions in international oil markets.
Malik emphasized that the current decline in global crude prices has not translated into proportional relief for Pakistani consumers.
Malik emphasized that the current decline in global crude prices has not translated into proportional relief for Pakistani consumers.
By securing direct access to Iranian supplies, Islamabad seeks to bridge the gap between international benchmarks and local retail prices, offering a potential structural solution to energy affordability challenges.
The move marks a significant shift in Pakistan’s energy sourcing strategy, following a period of temporary easing in United States sanctions on Tehran.
This development could reopen a vital trade corridor, allowing Pakistan to tap into discounted Iranian crude and gas reserves that have been largely inaccessible due to geopolitical constraints.