Petrol Prices Surge in Pakistan
The Pakistani government announced a significant increase in petrol prices on March 11, 2026, raising the cost by 55 Pakistani rupees per litre. This adjustment brings the ex-depot price of petrol to 321.17 rupees per litre, up from 266.17 rupees per litre, marking an increase of approximately 17 percent.
In addition to petrol, the ex-depot price of high-speed diesel has also seen a sharp rise, now fixed at 335.86 rupees per litre, which is about 20 percent higher than the previous price of 280.86 rupees per litre. This surge in fuel prices comes in the wake of escalating geopolitical tensions, particularly following the attacks on Iran by the US and Israel that began on February 28.
Globally, at least 85 countries have reported increases in petrol prices since the onset of these conflicts. For instance, in the United States, the average price of regular petrol rose from $2.94 per gallon in February to $3.58, reflecting a 20 percent increase. Vietnam has experienced the highest increase, 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 also risen, with an increase of about ₹60 per 14.2-kg cylinder, bringing the price in Delhi to around ₹913.
Experts have noted that the ongoing conflict has led to speculation about potential shortages in fuel supplies. Dhruv Ruparel remarked, “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 concerns over the stability of fuel availability in the region.
As Asia remains heavily reliant on the Strait of Hormuz for oil and gas deliveries, the closure of this critical passage since the start of the war has exacerbated the situation. The region’s dependence on this route highlights the vulnerabilities in the global oil supply chain.
Looking ahead, analysts predict that crude oil prices may stabilize around $100 per barrel, but the exact impact of these geopolitical tensions on future petrol prices remains unclear. Details remain unconfirmed.
The recent price hikes in Pakistan and other countries underscore the interconnectedness of global fuel markets and the ripple effects of geopolitical events on local economies. As consumers brace for higher costs, the implications of these changes will likely be felt across various sectors.
