Petrol Prices Surge in Pakistan Amid Geopolitical Tensions
Petrol Prices Surge in Pakistan
On March 11, 2026, the Pakistani government announced a significant increase in petrol prices, raising them 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, marking an increase of approximately 17 percent.
In addition to petrol, the price of high-speed diesel has also seen a notable rise, with the new ex-depot price set at 335.86 rupees per litre, reflecting a 20 percent increase from the previous price of 280.86 rupees.
This surge in petrol prices in Pakistan is part of a broader trend, as at least 85 countries have reported increases in fuel prices since the onset of attacks on Iran by the US and Israel on February 28. The geopolitical tensions have disrupted oil supply chains, particularly affecting nations reliant on the Strait of Hormuz for oil delivery.
In the United States, the average price of petrol has risen from $2.94 per gallon in February to $3.58, a 20 percent increase. Meanwhile, 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 increased by approximately ₹60 per 14.2-kg cylinder, bringing the price in Delhi to around ₹913.
Local residents have expressed 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.
Market analysts predict that crude oil prices could stabilize around $100 per barrel, further influencing petrol prices in the region. However, the exact impact of ongoing geopolitical tensions on future petrol prices remains unclear.
As the situation develops, officials and consumers alike are closely monitoring the market for any further changes in fuel pricing. Details remain unconfirmed regarding the long-term implications of these price hikes.
