Petrol Prices in Pakistan Could Rise Again as Brent Oil Nears $110 Per Barrel
Petrol prices in Pakistan could rise again this week as Brent crude oil nears $110 per barrel, increasing pressure on the government to revise fuel prices amid ongoing global energy market volatility.
According to recent international market trends, Brent crude climbed close to the $110 per barrel mark after geopolitical tensions in the Middle East intensified following US President Donald Trump’s rejection of Iran’s proposal to end the Gulf conflict.
At the time of reporting, Brent crude was trading around $107 per barrel while US benchmark West Texas Intermediate (WTI) crossed the $101 mark. Analysts say the sharp increase in oil prices is being driven by supply concerns, regional instability, and fears of prolonged disruptions in global energy markets.
The rising international oil prices could force the Pakistani government to increase petrol and diesel prices in the upcoming fortnightly review scheduled later this week. Any further hike would likely increase inflationary pressure on transport, food, and industrial sectors across the country.
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Last week, the federal government already approved a major increase in petroleum prices, raising petrol by Rs. 14.92 per litre and diesel by Rs. 15 per litre. Petrol prices currently stand above Rs. 414 per litre in Pakistan.
Economic experts warn that continued increases in international oil prices could further strain Pakistan’s fragile economy, especially as consumers are already facing high electricity tariffs, inflation, and rising taxation. Fuel price hikes also directly impact transportation costs and essential commodity prices nationwide.
Pakistan has witnessed repeated fuel price revisions in recent months due to fluctuations in global oil markets, exchange rate pressures, and increased petroleum levy adjustments linked to IMF-backed fiscal measures.
The final decision regarding the next petrol price adjustment is expected to be announced by the Ministry of Finance later this week after reviewing international oil trends and currency movements.
