03.04.2026 03:10
Pakistan's Minister of Petroleum, Ali Pervaiz Malik, announced that due to the oil crisis resulting from attacks on Iran and the retaliations by the Tehran government, the price of gasoline has increased by approximately 42.7% per liter, and the price of diesel has increased by approximately 54.9% per liter. The people of Pakistan flocked to fuel stations in various regions, especially in Karachi and Lahore, before the new prices came into effect.
The growing crisis in the Middle East due to the attacks by the US and Israel on Iran and the retaliations by the Tehran administration continues to affect oil prices in global markets.
42% INCREASE IN GASOLINE PRICES IN PAKISTAN
The Pakistani government has decided to significantly raise fuel prices in the country due to rising oil prices. Pakistan's Minister of Petroleum, Ali Pervaiz Malik, made a statement regarding the price changes for gasoline and diesel. The Minister noted that the price of gasoline has been increased by approximately 137.24 Pakistani rupees (about 50 cents), which corresponds to about 42.7%, and the price of diesel has been increased by approximately 184.49 rupees (about 66 cents), which corresponds to about 54.9%. Minister Malik stated, "It was inevitable to raise prices due to the uncontrolled rise in international market prices following the US-Iran war." With this development, the price of gasoline per liter in the country has risen to 458 rupees (about 1.64 dollars), while the price of diesel per liter has risen to 520 rupees (about 1.86 dollars).
LONG QUEUES AT FUEL STATIONS
Before the new prices came into effect, people formed long vehicle queues at fuel stations in major cities of Pakistan, especially in Karachi and Lahore. Those flocking to the stations late at night complained about the increases in fuel prices due to the war, highlighting that the public is facing many problems.
CRISIS SITUATION IN GLOBAL MARKETS
Global energy and oil markets were shaken after the US and Israel launched joint attacks on Iran on February 28. In response, the Tehran administration limited international maritime transport activities in the strategically important Strait of Hormuz and conducted airstrikes on oil refineries in Arab countries in the Gulf region. The tensions in the region have led to a sharp increase in global oil and energy prices, prompting many countries to limit fuel and energy usage.