Pakistan Faces Potential Surge in Fuel Prices Amid Middle East Tensions
Islamabad,– Escalating tensions in the Middle East have driven up global prices of petrol and diesel, raising concerns that Pakistan’s ex-refinery petrol price could increase by 32 rupees per liter by March 15.According to sources, the ex-refinery price of petrol is expected to rise from 153.50 rupees to 186.47 rupees per liter. Similarly, high-speed diesel…
Islamabad,– Escalating tensions in the Middle East have driven up global prices of petrol and diesel, raising concerns that Pakistan’s ex-refinery petrol price could increase by 32 rupees per liter by March 15.
According to sources, the ex-refinery price of petrol is expected to rise from 153.50 rupees to 186.47 rupees per liter. Similarly, high-speed diesel (HSD) prices may see an increase of over 50 rupees per liter by the same date.
In the international market, HSD prices are projected to climb from $93.02 per barrel to $138 per barrel. Petrol prices are also anticipated to jump from $79.14 per barrel to $97.92 per barrel.
This potential hike comes amid broader geopolitical instability, which could further impact Pakistan’s economy, already grappling with inflationary pressures. Analysts warn that such increases could lead to higher transportation costs and affect consumer spending.
The government has yet to announce any measures to mitigate the impact, but petroleum pricing reviews are typically conducted bi-monthly by the Oil and Gas Regulatory Authority (OGRA).
