The government is closely observing the ongoing conflict between Iran and Israel but has no immediate plans to raise fuel prices, Finance Adviser Dr Salehuddin Ahmed said on Tuesday.
Speaking to reporters after a meeting of the Advisory Council Committees on Economic Affairs and Public Purchase at the Secretariat, Dr Salehuddin said, “We are observing the situation. If the fighting drags on, it may put pressure on us. But for now, we will wait.”
He acknowledged a slight rise in global fuel prices but noted that it had not affected existing import orders. The government is also monitoring gas and LNG prices. “Fortunately, the LNG import proposal we approved today is at the old price,” he said.
Asked about potential impacts on trade, he replied that there had been no noticeable effect so far. However, he warned that a prolonged conflict could disrupt LNG and fertiliser imports, especially if shipping routes like the Strait of Hormuz are affected.
“The Energy Ministry is working on alternatives,” he added. “We heavily rely on LNG, so we are preparing for any future disruption.”
Despite global fuel price increases, Dr Salehuddin reaffirmed that domestic adjustments are not being considered at this stage, saying the government will “wait and watch.”
LND/SAE
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