Brace for impact — petrol prices in Pakistan have surged once again, with the cost now nearing the Rs. 270 mark per liter. According to the latest notification from the Finance Division, petrol has been increased by Rs. 8.36, bringing the new rate to Rs. 266.79 per liter. Meanwhile, high-speed diesel isn’t far behind, climbing by Rs. 10.39 to hit Rs. 272.98 per liter.
This marks the second consecutive price hike in just a fortnight. In the previous review, the government raised the price of petrol by Rs. 4.80 and diesel by Rs. 7.95 per liter. The cumulative increases over recent weeks have sparked public frustration, especially as inflation already tightens its grip on everyday essentials.
At the heart of this turbulence lies global uncertainty. A 12-day conflict ignited on June 13, when Israel launched strikes on Iran’s nuclear sites, sent global oil prices into a frenzy. Brent crude soared past $80 per barrel, fueling panic across energy markets. Although prices dipped below $70 after a ceasefire was reached, the geopolitical aftershocks are still being felt.
Pakistan, heavily reliant on oil imports, remains vulnerable to such international price shocks. The recent petrol prices hike, though attributed partly to global instability, is also linked to domestic fiscal adjustments and IMF-aligned reforms aimed at reducing subsidy burdens.
With prices inching closer to Rs. 270, public transport, goods movement, and day-to-day commuting are all expected to become more expensive. And with no assurance of price stability ahead, citizens brace themselves — not for a drive, but for yet another economic detour.
Read more: Government Announces 12-rupee Cut in Petrol Prices
