How New Delhi avoided fuel crisis amid Iran war while Islamabad grappled, Pakistan minister explains

Pakistan's Petroleum Minister highlighted India's stable fuel position amidst global price hikes, crediting its strategic oil reserves, strong forex, and policy flexibility. In stark contrast, Pakistan faces a severe fuel crisis, constrained by IMF conditions and a lack of such reserves, struggling to cushion the impact and manage escalating costs.

New Delhi: Pakistan’s Petroleum Minister Ali Pervaiz Malik has underscored the stark contrast between his country’s worsening fuel problem and India’s relatively stable position. He pointed out that New Delhi was better placed to cushion the impact of rising global prices amid the Iran war because of its strong policy measures and supply strategies.

What did the Pakistan minister say

Speaking to a local news channel, Malik said that India has strategic oil reserves and adequate forex reserves to absorb the impact while Pakistan is reeling under stringent........

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