Islamabad, July 28: The federal government is expected to make a key decision on Pakistan’s long-awaited refinery policy today, with Prime Minister Shehbaz Sharif set to review proposals aimed at accelerating investment in the country’s oil refining sector.
The policy is intended to provide a framework for upgrading domestic refineries, encouraging the production of cleaner Euro-V fuels, and reducing reliance on imported petroleum products. Government officials say the proposed measures include incentives for refinery modernization and improvements in operational efficiency.
The decision comes as Pakistan seeks to strengthen its energy security while addressing environmental concerns linked to outdated refining infrastructure. Officials believe the revised policy could unlock billions of rupees in investment and help align the country’s fuel standards with international benchmarks.
Industry stakeholders have urged the government to approve the policy without further delay, arguing that regulatory certainty is essential for launching major upgrade projects. They say timely implementation would improve fuel quality, enhance refining capacity, and support long-term economic growth.
Energy analysts note that the prime minister’s decision will be closely watched by investors and petroleum companies, as it could shape the future of Pakistan’s refining industry for years to come. A favorable outcome is expected to pave the way for modernization projects and greater private-sector participation in the energy sector.
The government’s final decision is anticipated later in the day following consultations with relevant ministries and industry representatives.
