ISLAMABAD: Pakistan on Friday raised petrol and diesel prices by around Rs15 per liter, citing sharp volatility in international energy markets as tensions around the Strait of Hormuz continue to disrupt global oil supplies.
Traditionally, Pakistan revises fuel prices on a fortnightly basis, adjusting them in line with fluctuations in international oil prices and the rupee-dollar exchange rate to pass on the impact to consumers.
However, authorities have been monitoring global energy markets more closely amid the ongoing Iran war, with the latest revision coming within the first 10 days of the month.
“The Government of Pakistan has revised the ex-depot prices of the petroleum products for the next week starting from 09th May, 2026,” said the Ministry of Energy’s Petroleum Division.
According to a notification circulated by the ministry, the price of petrol has increased by Rs14.92 per liter to Rs414.78, while high-speed diesel (HSD) has gone up by Rs15 to Rs414.58 per liter.
The increase comes as global oil markets remain unsettled by renewed skirmishes between the United States and Iran and continuing uncertainty surrounding shipping through the Strait of Hormuz, a vital energy corridor through which roughly one-fifth of global oil and liquefied natural gas (LNG) supplies normally pass.
Pakistan relies heavily on imported petroleum products and LNG, much of which are routed through the Middle East, making the country particularly vulnerable to supply disruptions and spikes in international oil prices.
The recent fuel price increases are expected to add to inflationary pressures in the country, with the rising petrol and diesel costs directly affecting transport fares, electricity generation and food prices.
