Islamabad – Rising tensions in the Middle East have caused global oil prices to surge, affecting fuel markets worldwide. Pakistan is expected to face a significant rise in Petrol price in the coming days.
Sources indicate that the ex-refinery petrol price in Pakistan could jump from Rs153.50 per liter to Rs186.47 per liter by March 15. This reflects an increase of around Rs32 per liter. Analysts warn that if international oil trends continue, retail petrol prices may rise accordingly.
The surge in petrol price is linked to global crude rates, which have risen sharply. Market data shows international petrol prices climbing from $79.14 per barrel to $97.92 per barrel. Energy experts say that ongoing instability in the Middle East could further disrupt oil supply routes, potentially pushing fuel costs even higher.
Alongside petrol, diesel prices are also expected to increase. The ex-refinery price of high-speed diesel (HSD) may rise by over Rs50 per liter. In the global market, diesel prices are projected to jump from $93.2 per barrel to $138 per barrel. This increase could have a broader impact on Pakistan’s economy, particularly in the transport and logistics sectors.
Government sources are reportedly considering weekly fuel price reviews to respond to fluctuations in the international market. Energy analysts stress that regular monitoring of crude prices is essential to manage domestic petrol price adjustments effectively.
The expected petrol price hike could lead to higher transportation costs and overall inflation. Petrol and diesel prices directly influence public transport fares, goods prices, and essential commodities. Any significant increase may put additional pressure on households and businesses across Pakistan.
Officials have urged consumers and businesses to prepare for potential price adjustments. They also emphasized the importance of monitoring international developments that influence petrol price trends.
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If global oil prices remain high, Pakistan’s fuel sector could continue to face challenges. Authorities are expected to take careful measures to manage supply and mitigate the impact of rising petrol prices on the economy.
