The Pakistani government is set to deregulate petroleum product prices to encourage competition among oil marketing companies (OMCs) while ensuring market stability. Additionally, the government plans to allow oil refineries to blend up to 5% ethanol into petroleum products to reduce fuel costs. The country aims to address inefficiencies in its energy sector and attract investment by auctioning 40 offshore exploration blocks and 31 onshore blocks. The Petroleum Minister highlighted the need for innovation, particularly in green and blue hydrogen production, with a biofuel policy on the horizon. He emphasized the importance of environmental sustainability and reliance on domestic resources for long-term energy stability. The minister urged for economic reforms and a shift towards forward-thinking policies to drive progress in the energy sector.