#PakistaniProduce oil📊📍
🇵🇰 Pakistan’s Oil Production in Dollars 💰⛽
Pakistan produces around 81,000 barrels/day, generating nearly $5.6M daily and حوالي $2B yearly at current oil prices 📊
But here’s the catch 👇
Pakistan consumes far more than it produces, relying heavily on imports 🌍⬇️
⚠️ This means:
📉 Higher import bills
📊 Pressure on economy
💱 Sensitivity to global oil prices
🔥 Key Takeaway:
Local production adds value, but imports still dominate Pakistan’s energy game
🚀 Future depends on:
✔️ More local exploration
✔️ Renewable energy shift
✔️ Reducing import dependency
Prime Minister Shehbaz Sharif on Wednesday said that the country’s weekly oil bill has reached $800 million due to the ongoing oil crisis arising from the Middle East conflict.
Global fuel prices have skyrocketed over the past two months as shipping through the Strait of Hormuz remains paralysed since the US and Israel launched joint strikes on Iran on February 28.
Addressing a meeting of the federal cabinet today, PM Shehbaz commended the efforts of Petroleum Minister Ali Pervaiz Malik for tackling the fuel crisis resulting from the Iran war, stating that the situation now appeared “satisfactory”.
On that note, the prime minister remarked that fuel prices in the global markets had risen sharply, noting that “our weekly pre-war oil bill was around $300m, and today it is up to $800m”.
He further shared that the country’s fuel consumption “had lessened compared to previous weeks”, stressing that the situation was being monitored regularly.
“Consultations are also being held with provinces to extend fuel subsidies,” the premier told the cabinet.