LAHORE (Web Desk) – Industry insiders say Pakistan’s petrol and diesel prices have risen sharply, with reports suggesting increases of up to Rs55 per litre, or roughly 20 percent. Analysts attribute the rise to global crude oil prices, which recently exceeded $119 per barrel, amid supply concerns linked to the Strait of Hormuz, a key oil shipping route.
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Experts note that while Pakistan’s adjustment appears significant, other nations have also revised fuel costs in response to global market shifts. In the United States, gasoline prices reportedly rose by around 14 percent in a week, while India’s domestic LPG cylinders increased by approximately ₹60, or 7 percent, reflecting higher import costs. The United Arab Emirates reportedly adjusted petrol prices upward by 5–6 percent, and some European countries, including Ireland, saw moderate increases near 3 percent. China also made notable revisions to retail gasoline and diesel price caps.
Industry analysts emphasize that such adjustments are consistent with global energy market trends and highlight the sensitivity of fuel pricing to geopolitical developments. They caution that ongoing tensions in the Middle East could continue to influence energy costs domestically and internationally.
