Pakistan could potentially face a sharp rise in petrol prices, with estimates suggesting that the cost may climb to as high as Rs. 500 per litre if the ongoing regional conflicts continue to disrupt global oil supply chains and energy markets. The warning comes amid growing uncertainty in international crude markets, where geopolitical tensions and supply concerns have been causing significant price volatility. Experts caution that countries heavily dependent on imported fuel, such as Pakistan, remain particularly vulnerable to such global disruptions.
The concerns were raised during a meeting of the Senate Finance Committee chaired by Senator Saleem Mandviwalla, where officials briefed lawmakers about the potential economic impact of fluctuating international oil prices. During the session, Finance Minister Muhammad Aurangzeb explained that escalating geopolitical tensions are contributing to sudden and unpredictable movements in global petroleum prices. He noted that these developments are making it increasingly challenging for the government to maintain stability in domestic fuel pricing.
Petroleum Minister Ali Pervaiz Malik also informed the committee that the government is closely monitoring the international market and evaluating the situation before making any decisions regarding new domestic fuel rates. Authorities emphasized that any major surge in global crude prices could translate into higher petrol costs for consumers in Pakistan. If the current instability in energy markets continues, citizens may not only face increased fuel prices but could also experience broader inflationary pressure affecting transportation, goods, and everyday living expenses.
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