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Pakistan Hikes Fuel Prices Sharply Amid Spiralling Mideast Conflict
The government said the increase reflects supply disruptions from the Iran conflict and added subsidies for two-wheelers, farmers and transport operators.
- On Thursday, Pakistan Petroleum Minister Ali Pervaiz Malik announced fuel price hikes effective Friday, raising petrol 42.7 percent to $1.64 per litre and diesel 54.9 percent to $1.86 per litre.
- The US-Israel war on Iran, launched February 28, has virtually frozen shipping in the Strait of Hormuz through which 20 percent of global fuel passes, forcing Pakistan to pass along rising costs after a 20 percent increase on March 6.
- Pakistan is classified as a lower-middle-income country with roughly 25 percent of its 240 million population living in poverty, according to World Bank data, while the International Monetary Fund warned vulnerable economies face mounting pressure from energy and supply chain disruptions.
- Finance Minister Muhammad Aurangzeb unveiled relief measures including PKR 100 per litre subsidies for two-wheelers capped at 20 litres monthly for three months and direct support of PKR 70,000 for food-transport trucks.
- Pakistan implemented austerity measures including a four-day work week for government offices and extended school holidays, while neighboring Bangladesh raised liquefied petroleum gas prices by 29 percent on Thursday, reflecting regional response to the energy crisis.
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Pakistan petrol price breaches PKR 450, diesel goes over PKR 500 amid West Asia war
Pakistan has hiked petrol prices to a record PKR 458.40 and diesel to PKR 520.35 per litre, effective April 3, 2026. Fuel costs surge by over 40% amid the US-Israel-Iran conflict and Strait of Hormuz closure.
·India
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Pakistan Hikes Fuel Prices Sharply Amid Spiralling Mideast War- Check Latest Petrol, Diesel Rates
The decision is likely to ripple through to higher inflation and hit Pakistan's impoverished population. Pakistan imports oil mainly from Saudi Arabia and the UAE through the Strait of Hormuz.
·Mumbai, India
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Coverage Details
Total News Sources17
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
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