Petrol Prices Surge in Pakistan Amid Geopolitical Tensions
Significant Price Increase Announced
The Pakistani government has increased petrol prices by 55 Pakistani rupees per litre as of March 11, 2026. This adjustment follows a broader trend of rising fuel costs influenced by geopolitical tensions in the region.
Immediate Circumstances
As part of this revision, the ex-depot price of petrol has been set at 321.17 Pakistani rupees per litre, up from 266.17 rupees, marking an increase of approximately 17 percent. Additionally, the ex-depot price of high-speed diesel has risen to 335.86 rupees per litre, a significant jump of about 20 percent from its previous price of 280.86 rupees.
This surge in petrol prices is not isolated to Pakistan; at least 85 countries have reported increases in petrol prices since the onset of attacks on Iran by the US and Israel, which began on February 28. In the United States, the average price of regular petrol has risen from $2.94 in February to $3.58, reflecting a 20 percent increase. Vietnam has experienced the highest petrol price increase, with costs soaring nearly 50 percent from $0.75 to $1.13 per litre.
In India, petrol prices in Delhi remain at ₹94.77 per litre, while diesel is priced at ₹87.67 per litre. Furthermore, domestic LPG prices have also seen an increase, with a rise of about ₹60 per 14.2-kg cylinder, bringing the Delhi price to approximately ₹913.
Reactions and Speculations
Local analysts are expressing concerns over the potential for further price increases. Dhruv Ruparel, a market expert, noted, “There is a shortage of LPG, and people are speculating that there’s a shortage of petrol and diesel as well.” Additionally, expectations are that crude oil prices could stabilize around $100 per barrel.
Geopolitical Considerations
Asia’s heavy reliance on the Strait of Hormuz for oil and gas deliveries has heightened vulnerabilities, especially since the strait has been effectively closed due to ongoing conflicts. This situation complicates the supply chain and contributes to rising prices across the region.
Uncertainties Ahead
Details remain unconfirmed regarding the exact impact of these geopolitical tensions on future petrol prices. As the situation evolves, consumers and analysts alike are closely monitoring developments that could further affect fuel costs.
