Petrol price surge in Pakistan shocks consumers as fuel prices rise sharply within one month due to global tensions.
Fuel prices in Pakistan have seen a massive increase over the past month, leaving consumers worried about rising expenses. The sharp hike is mainly linked to the tense situation in the Middle East, which has pushed global oil prices higher.
Kerosene oil recorded the biggest jump, rising by Rs252,87 per litre in just one month. This sudden increase has made it difficult for many households that depend on kerosene for daily use.
Petrol prices also climbed significantly, increasing by Rs63 per litre. On February 28, 2026, petrol was priced at Rs258,17 per litre, but it has now reached Rs321,17 per litre.
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Similarly, high-speed diesel became more expensive by Rs60,16 per litre. Its price was Rs275,70 per litre at the end of February, but it has now surged to Rs335,86 per litre.
High octane fuel has also witnessed a huge rise. Its price increased from Rs333,88 per litre to Rs533,88 per litre, showing how sharply fuel costs have gone up across the board.
Despite these increases, the government did not raise petrol and diesel prices three times in a row during March. However, it did increase the petroleum levy on petrol by around Rs21 per litre.
Officials say the government is still bearing a heavy financial burden. It is covering about Rs203,88 per litre on high-speed diesel and Rs95,59 per litre on petrol to provide some relief to the public.
The ongoing Middle East tensions continue to play a major role in pushing oil prices upward, affecting countries like Pakistan.
Fuel prices are rising very fast. This can increase inflation in daily life. Transport and food costs may go up soon. People may feel more financial pressure.
Meanwhile, global oil prices jump sharply as US crude hits 106 dollars while regional tensions escalate.
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Global oil markets witnessed a fresh surge as crude prices moved upward, raising concerns about further economic pressure worldwide. The increase comes at a time when geopolitical tensions are also intensifying, adding uncertainty to energy markets.
According to international media reports, US crude oil prices rose by 3.40 percent, reaching 106 dollars per barrel. Meanwhile, Brent crude saw a smaller increase of 0.19 percent, climbing to 112 dollars per barrel. Analysts believe that the upward trend reflects supply concerns and ongoing instability in key regions.
Experts warn that rising oil prices could impact fuel costs globally, potentially leading to higher transportation and production expenses. This, in turn, may contribute to inflation in many countries, including developing economies already facing financial strain.
In a related development, Iran’s Islamic Revolutionary Guard Corps claimed it carried out attacks targeting multiple US military installations in the region. According to the statement, missile and drone strikes were launched against five American bases, including command and control centers and drone facilities.
