Pakistan has announced a sharp hike of ₹55 per litre in petrol and diesel prices, citing disruptions in global energy markets due to the escalating U.S.-Israel-Iran conflict. The sudden increase has triggered concerns over inflation, transport costs, and the broader economic impact on households and businesses.
Price Hike Announcement
The Ministry of Finance confirmed the revision late Saturday, with petrol now priced at ₹288 per litre and diesel at ₹290 per litre. Officials attributed the hike to soaring international crude oil prices, which have surged following intensified geopolitical tensions in West Asia.
Global Conflict Impact
The ongoing U.S.-Israel-Iran war has disrupted oil supply chains, pushing Brent crude above $87 per barrel. Pakistan, heavily reliant on imports, faces mounting pressure on its foreign reserves and currency, making fuel price adjustments unavoidable.
Economic And Consumer Concerns
Transporters and traders warn that the hike will raise logistics costs, leading to higher food and commodity prices. Economists caution that inflationary pressures could worsen, further straining Pakistan’s fragile economy and impacting millions of households already struggling with rising living expenses.
Key Highlights
• Petrol and diesel prices increased by ₹55 per litre
• Petrol now costs ₹288, diesel ₹290 per litre
• Driven by U.S.-Israel-Iran war and crude oil surge
• Inflationary concerns for households and businesses
• First major hike in 2026 amid global supply disruptions
Sources: Dawn, Geo News, The Express Tribune, Business Recorder.