Petrol Prices Surge in Pakistan
The Pakistani government announced on March 11, 2026, a substantial increase in petrol prices by 55 Pakistani rupees per litre, bringing the ex-depot price to 321.17 Pakistani rupees per litre, up from 266.17 rupees.
Additionally, the ex-depot price of high-speed diesel was fixed at 335.86 Pakistani rupees per litre, marking a 20 percent increase from the previous price of 280.86 rupees.
This price hike in Pakistan is part of a larger trend, with at least 85 countries reporting increases in petrol prices since the onset of attacks on Iran by the US and Israel on February 28.
In the United States, the average price of petrol has risen from $2.94 per gallon in February to $3.58, reflecting a 20 percent increase. Meanwhile, Vietnam has experienced the highest petrol price increase globally, with prices soaring nearly 50 percent from $0.75 to $1.13 per litre.
In India, petrol prices remain at ₹94.77 per litre, while diesel is priced at ₹87.67 per litre. The situation is compounded by a recent increase in domestic LPG prices, which rose by about ₹60 per 14.2-kg cylinder in Delhi, now costing around ₹913.
Dhruv Ruparel, a local analyst, 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 growing concerns over fuel availability amid rising prices.
Experts predict that crude oil prices may stabilize around $100 per barrel, which could further impact petrol prices across the region.
Asia’s dependency on the Strait of Hormuz for oil and gas deliveries has been highlighted as a critical factor, especially since the strait has been effectively closed due to ongoing geopolitical tensions.
Details remain unconfirmed regarding the exact impact of these geopolitical tensions on future petrol prices, leaving consumers and analysts alike on edge as they navigate this volatile market.
