Petrol, diesel prices in Pakistan may rise up to Rs35 per litre amid global oil surge

Petroleum prices in Pakistan are expected to increase significantly tonight as crude oil prices continue to surge in the international market amid the ongoing war in the Middle East.

According to market estimates, petrol and diesel prices in Pakistan could rise by Rs32 to Rs35 per litre due to the sharp increase in global crude oil prices.

In the international market, the price of Brent Crude Oil has risen by $4.63 per barrel, reflecting a 5.19 percent increase, bringing the price close to $90 per barrel. Analysts say crude oil prices have already increased by $17 during March, highlighting strong upward pressure on petroleum rates.

Reports indicate that London Brent oil has surged significantly over the past week and is now nearing the $90 per barrel mark, raising concerns about a potential increase in fuel prices in oil-importing countries like Pakistan.

Experts warn that if the current trend in global oil markets continues, the Pakistani government may have little choice but to pass on the impact to consumers in the next petroleum price adjustment.

The possible increase in petrol and diesel prices could add further pressure on inflation and transportation costs across the country, affecting businesses and households alike.