Federal ministers and the chief minister of Sindh met in Karachi on Sunday to discuss rising global oil prices, fuel reserves and possible measures to manage an energy crisis.

The meeting at the Chief Minister’s House was attended by Federal Finance Minister Muhammad Aurangzeb and Federal Petroleum Minister Ali Pervez Malik, along with Sindh Chief Minister Murad Ali Shah, Provincial Interior Minister Zia-ul-Hassan Lanjar, the chief secretary, the secretary for energy and other senior officials.

Officials briefed participants on the global energy market and said crude oil prices could rise to $120 per barrel if the ongoing conflict in the Middle East intensifies further.

They warned that price fluctuations could affect the country’s economy and energy sector and discussed emergency saving measures.

Murad Ali Shah said responsible energy use and public cooperation were necessary, adding that keeping the national economy running remained the government’s priority.

He said proposals discussed at the meeting would be presented to the cabinet.

Muhammad Aurangzeb said the federal government was monitoring global energy markets and preparing alternative plans to manage potential financial impacts.

Ali Pervez Malik said fuel-saving measures were needed to extend existing reserves and informed the meeting that three ships carrying petrol are expected to arrive in Pakistan by tomorrow.

Officials also raised concerns about possible hoarding at petrol pumps and said coordination between the federation and provinces would be increased to prevent it.

The meeting was told that LNG supply could be affected following an announcement by Qatar.

A joint dashboard is being prepared with provinces to monitor fuel reserves.

Authorities said contacts were underway for alternative fuel supplies from Saudi Arabia, Oman and the United Arab Emirates, along with efforts to secure supplies through other routes.

The petroleum minister also said the government was considering requesting relief on the petroleum levy from the International Monetary Fund.

The meeting concluded with a decision to maintain continued communication between the federal and provincial governments to manage the energy situation.