Pakistan is now paying a record premium on oil imports as disruptions in the Middle East continue to strain global energy supply chains, significantly increasing the country’s fuel costs.
According to reports, the premium on imported petroleum products has surged from around $12 per barrel to over $34–$35 per barrel, marking the highest level ever recorded. The sharp increase comes amid ongoing tensions affecting the Strait of Hormuz, a critical global oil transit route.
Pakistan State Oil (PSO) has informed regulators that a recent high-speed diesel shipment carried a premium exceeding $35 per barrel, warning that similar elevated costs are expected for future imports.
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The surge in premiums is largely driven by supply disruptions caused by the Iran conflict, which has affected shipping routes and reduced the availability of crude oil in global markets. The situation has forced import-dependent countries like Pakistan to pay significantly higher prices to secure fuel supplies.
Analysts warn that the increased import costs could translate into higher domestic fuel prices, potentially putting additional pressure on inflation and the broader economy. Pakistan relies heavily on imported energy, sourcing a major portion of its oil from international markets, making it particularly vulnerable to global price shocks.
The ongoing crisis in the Middle East has already triggered widespread energy challenges, including supply shortages and rising electricity costs. If disruptions persist, experts believe Pakistan’s fuel import bill could increase significantly, further straining the country’s economic outlook.
