Rising tensions in the Middle East have begun to shake global energy markets, pushing petrol and diesel prices upward.

As international oil prices surge, Pakistan may face a sharp increase in fuel prices, with petrol expected to rise by Rs32 per liter in the coming days.

The ongoing crisis in the Middle East has triggered a surge in international oil prices, affecting petroleum markets worldwide.

According to sources, the conflict in the region has caused petrol and diesel prices to increase in the global market, raising concerns about the impact on fuel prices in Pakistan.

Energy analysts warn that continued instability in the Middle East could further disrupt oil supply routes and push prices even higher in the coming weeks.

Petrol ex-refinery price in Pakistan

Sources say the ex-refinery price of petrol in Pakistan is expected to rise significantly by March 15 due to the increase in global crude prices. The ex-refinery petrol price is likely to jump from Rs153.50 per liter to Rs186.47 per liter, reflecting an increase of about Rs32 per liter.

Also Read: Govt mulls weekly fuel price reviews amid Middle East tensions

This increase could directly affect the retail price of petrol if international market trends continue in the coming days.

Global petrol prices surge sharply

The projected price increase follows a noticeable jump in international petrol rates.

According to market data, global petrol prices are expected to rise from $79.14 per barrel to $97.92 per barrel. This sharp increase in crude prices is one of the key factors driving the anticipated fuel price adjustments in Pakistan.

Diesel prices may rise

Alongside petrol, high-speed diesel (HSD) prices are also expected to witness a significant jump. Sources indicate that the ex-refinery price of diesel may increase by more than Rs50 per liter by March 15.

In the global market, diesel prices are projected to increase dramatically: From $93.2 per barrel to $138 per barrel.

The increase in diesel prices could have a broader impact on Pakistan’s economy, particularly on the transport and logistics sectors, which rely heavily on diesel fuel.

Impact on Pakistan’s economy

If the projected increases are implemented, fuel price hikes could lead to higher transportation costs and increased inflation.

Petrol and diesel prices play a critical role in Pakistan’s economic activity, affecting everything from public transport fares to the cost of goods and essential commodities.