https://arab.news/nscs7
- Petrol and diesel up Rs26.77 per liter in latest revision
- Import-dependent economy remains exposed to Strait of Hormuz disruptions
ISLAMABAD: Pakistan on Friday raised petrol and diesel prices by Rs26.77 ($0.096) per liter, the government said, as global oil markets remain volatile due to the ongoing conflict involving Iran, the United States and Israel.
The latest increase takes petrol to Rs393.35 ($1.41) per liter and high-speed diesel to Rs380.19 ($1.36), according to a notification issued by the Ministry of Energy.
“The Government of Pakistan has revised the prices of petroleum products for the next week starting from 25th April, 2026,” the ministry said in a statement.
The latest hike comes as the war triggered by US and Israeli strikes on Iran on Feb. 28 continues to disrupt global energy supplies, particularly through the Strait of Hormuz, a narrow waterway between Iran and Oman that carries roughly a fifth of the world’s oil and liquefied natural gas.
Iran has since restricted shipping through the strait in response to the attacks, while the United States has maintained a counter-blockade targeting Iranian vessels, tightening supply and pushing crude prices sharply higher.
For Pakistan, which imports the bulk of its fuel, the impact has been immediate and severe, with rising oil prices feeding into inflation, transport costs and broader economic pressures.
The government had already sharply raised fuel prices in March and early April, lifting petrol by 42.7 percent to Rs458.41 ($1.65) per liter and diesel by 54.9 percent to Rs520.35 ($1.87), among the steepest increases in recent years.
On April 10, Prime Minister Shehbaz Sharif announced a partial rollback of the hikes, cutting petrol by Rs12 ($0.043) per liter and diesel by Rs135 ($0.49) per liter, though prices have remained well above pre-conflict levels.
The latest revision underscores the continued volatility in global energy markets, as uncertainty over US-Iran peace negotiations and ongoing disruptions in the Gulf keep pressure on supply chains and prices worldwide.