Lahore: (RightNow) The uncertain situation in the Strait of Hormuz raises concerns about Pakistan’s energy security. Fears of supply disruptions and global market price fluctuations have increased the need for strategic petroleum reserves.

Investigations reveal that Pakistan lacks a national strategic petroleum reserve. Experts suggest the country must move towards establishing permanent reserves.

Previous governments recommended creating 60-day national reserves. The current government has accelerated efforts on this matter.

The Ministry of Petroleum is reviewing various models, including oil storage terminals and private sector partnerships.

It is noteworthy that in 2020, a commission was formed following a petition in the Lahore High Court, but the government at the time did not take it seriously.