Automotive News & Trends

'No strategic oil reserves like India': Pakistan admits vulnerability as fuel crisis deepens

Pakistan admits its vulnerability to global oil shocks, lacking strategic reserves like India, which holds 60-70 days of stock. Islamabad's limited reserves leave it exposed, unlike India's stable prices aided by fiscal space and strategic stockpiles. Pakistan's IMF commitments restrict its ability to offer consumer relief amid soaring crude prices.

Times of India

2h ago

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