Petrol Prices Surge in Pakistan Amid Global Increases

Petrol Prices Surge in Pakistan

On March 11, 2026, the Pakistani government announced a substantial increase in petrol prices, raising them by 55 Pakistani rupees per litre. This adjustment comes as the country grapples with rising global fuel costs, driven by geopolitical tensions in the region.

The ex-depot price of high-speed diesel was also revised, now set at 335.86 Pakistani rupees per litre, reflecting a 20 percent increase from the previous price of 280.86 rupees. Similarly, the price of petrol rose to 321.17 rupees per litre from 266.17 rupees, marking an increase of approximately 17 percent.

This surge in petrol prices is part of a broader trend, with at least 85 countries reporting increases in fuel costs since the onset of attacks on Iran by the US and Israel beginning on February 28. In the United States, the average price of regular petrol has risen from $2.94 in February to $3.58, a notable 20 percent increase.

In Asia, the situation is particularly acute, as many countries are heavily reliant on the Strait of Hormuz for oil and gas deliveries, which has faced disruptions due to ongoing conflicts. For instance, Vietnam has experienced the highest petrol price increase globally, with prices soaring nearly 50 percent from $0.75 to $1.13 per litre.

In India, petrol prices in Delhi remain at ₹94.77 per litre, while diesel is priced at ₹87.67 per litre. Additionally, domestic LPG prices have seen an increase of about ₹60 per 14.2-kg cylinder, raising the price in Delhi to approximately ₹913.

Local experts have noted concerns regarding fuel shortages, with Dhruv Ruparel stating, “There is a shortage of LPG, and people are speculating that there’s a shortage of petrol and diesel as well.” This sentiment reflects growing anxiety among consumers as prices continue to rise.

Looking ahead, analysts anticipate that crude oil prices may stabilize around $100 per barrel, although the exact impact of ongoing geopolitical tensions on future petrol prices remains unclear. Details remain unconfirmed.

The situation continues to evolve, and consumers across Pakistan and beyond are closely monitoring developments in the fuel market as prices fluctuate in response to global events.