Pakistan is considering the option of importing cheaper oil and gas from Iran, Petroleum Minister Ali Pervaiz Malik has said.
The discussion has gained attention after a temporary easing of US sanctions created a possible opening for discounted Iranian crude supplies.
Potential Savings for Pakistan
Industry estimates suggest Pakistan could save hundreds of millions of dollars if it imports a portion of its petroleum requirement from Iran at discounted rates.
Those savings would depend on the volume imported, freight costs and the ability of local refineries to process the crude efficiently.
Refinery and Policy Questions
Experts say local refineries may be technically capable of handling Iranian crude, but the process would still require evaluation, calibration and commercial planning.
The government would also need to consider sanctions exposure, payment arrangements and diplomatic sensitivities before making a final decision.
Why the Issue Matters
Fuel import costs place heavy pressure on Pakistan’s external account. Any reliable source of cheaper energy could ease costs, but officials will have to balance savings against legal and geopolitical risks.
