Petrol Prices Surge in Pakistan
The Pakistani government announced a significant increase in petrol prices on March 11, 2026, raising the cost 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 per litre, marking an increase of around 17 percent.
In addition to petrol, the ex-depot price of high-speed diesel was also revised, now set at 335.86 rupees per litre, reflecting a 20 percent increase from the previous price of 280.86 rupees per litre. These changes come in the wake of escalating geopolitical tensions in the region.
Since the onset of attacks on Iran by the US and Israel starting February 28, at least 85 countries have reported increases in petrol prices. This global trend is evident in various regions, with the United States experiencing a rise in average petrol prices from $2.94 in February to $3.58, a 20 percent increase.
Vietnam has seen the most dramatic rise, with petrol prices soaring nearly 50 percent, from $0.75 per litre to $1.13. Meanwhile, in India, petrol prices in Delhi remain at ₹94.77 per litre, while diesel is priced at ₹87.67 per litre.
The situation has raised concerns among consumers and analysts alike. Dhruv Ruparel noted, “There is a shortage of LPG, and people are speculating that there’s a shortage of petrol and diesel as well.” This sentiment reflects a growing anxiety over fuel availability amidst rising prices.
Domestic LPG prices in India have also been affected, with an increase of about ₹60 per 14.2-kg cylinder, bringing the price to around ₹913 in Delhi. These developments highlight the interconnectedness of fuel markets across Asia, particularly as the region relies heavily on the Strait of Hormuz for oil and gas deliveries.
As the geopolitical landscape continues to evolve, experts predict crude oil prices may stabilize around $100 per barrel. However, the exact impact of these tensions on future petrol prices remains unclear. Details remain unconfirmed.
With rising costs affecting consumers across multiple countries, the situation calls for close monitoring as governments and markets respond to these challenges.
