The federal government of Pakistan has raised domestic fuel prices by PKR 55 per litre, with petrol now at PKR 321.17 and diesel at PKR 335.86. This unprecedented increase is attributed to a sharp rise in international oil prices, exacerbated by escalating tensions in the Middle East, particularly the conflict involving Iran, Israel, and the United States. The Brent crude price has surged above $90 per barrel, leading to increased shipping costs and insurance premiums for oil tankers, which are further straining Pakistan's economy.
BUSINESSLast Update 1h ago
Pakistan Government Raises Petrol and Diesel Prices by Rs55
93% NEUTRAL
Pakistan has implemented a historic fuel price hike, raising petrol and diesel prices by PKR 55 per litre due to surging international oil prices and regional conflicts. This adjustment, effective March 7, 2026, has intensified inflationary pressures and public discontent over living costs.
Detailed Analysis
SOURCES
8 outlets · 11 articles
THthehindu.com
PPprofit.pakistantoday.com.pk
TLtribune.com.pk
DTPdailythepatriot.com
YT