The Cabinet Committee on Energy on Tuesday approved amendments to the Pakistan Oil Refining Policy 2023 that will enable the modernisation of Pakistan's existing oil refineries to produce Euro-V compliant petrol and diesel, while reducing the production of furnace oil and other low-value petroleum products, according to a statement released by the Prime Minister's Office (PMO). Prime Minister Shehbaz Sharif chaired the cabinet committee meeting at the Prime Minister's House, where members reviewed refinery upgrades, energy sector reforms, and progress on implementation of the refining policy. The prime minister said upgrading existing oil refineries was an urgent national requirement and a key pillar of Pakistan's energy security framework.
He added that modernised refineries would not only better meet the country's energy needs but also help reduce reliance on imported fuels while increasing the supply of environmentally friendly petroleum products. وزیراعظم محمد شہباز شریف کی زیر صدارت کابینہ کمیٹی برائے توانائی کا اجلاس وزیراعظم ہاؤس میں منعقد ہوا۔ اجلاس میں پاکستان آئل ریفائننگ پالیسی, 2023 میں مجوزہ ترامیم کی منظوری دی گئی۔ وزیراعظم نے کہا کہ آئل ریفائنریز کی اپ گریڈیشن وقت کی اہم ضرورت ہے… pic.twitter.com/vgywz8Uf9c — Prime Minister's Office (@PakPMO) July 28, 2026 The meeting was informed that upgrading existing refineries was essential to enhance production capacity. Officials said the production of Euro-IV and Euro-V compliant fuels was necessary to meet Pakistan's international environmental commitments, reduce air pollution, and provide consumers with higher-quality fuel.
PM Shehbaz directed authorities to introduce reforms to improve the performance of the Oil and Gas Regulatory Authority (OGRA) and better meet market requirements in order to promote competition, transparency, and investment in the energy sector. He stressed that the amended policy must be implemented effectively and without delay, warning that negligence or unnecessary delays would not be tolerated. Instructing relevant ministries and institutions to accelerate the reform process while maintaining close coordination with all stakeholders, PM Shehbaz reaffirmed the government's commitment to pursuing sustainable reforms in the energy sector, promoting modern technology, and creating a conducive environment for investment.
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