Pakistan has experienced a sharp increase in petroleum prices following the US-Iran war, with costs rising significantly compared to several other nations. Official documents reveal that these price surges have taken place over the past two and a half months.
Diesel Prices Rise Across Global Markets
In Pakistan, diesel prices have increased by approximately 48% since the outbreak of the war. This rise exceeds that of several countries, including the United States and Vietnam, where prices rose by 45%.
Other nations saw lower increases, with the Philippines recording a 43% hike, Sri Lanka 42%, and Australia 41%. In the United Kingdom, diesel became 34% more expensive, while Ghana and Bangladesh saw increases of 21% and 15%, respectively.
Countries Facing Steeper Diesel Hikes
Several countries experienced even more dramatic diesel price increases than Pakistan. New Zealand saw prices jump by 88%, the UAE by 72%, and Malaysia by 68%.
Singapore recorded a 62% increase in diesel prices, while Cambodia saw a 51% hike during the same two-and-a-half-month window.
Petrol Prices Surge by 56% in Pakistan
The surge in petrol prices has been even more pronounced, climbing by 56% in Pakistan since the US-Iran war began. This stands in stark contrast to India, which recorded no increase in petrol prices during the same period.
Other countries reported much lower petrol price increases. Singapore saw a rise of 11%, Australia 16%, and both Ghana and Bangladesh recorded increases of 17%.
Vietnam’s petrol prices rose by 18%, while the United Kingdom saw a 19% increase.
Increased Burden on Consumers
The data indicates that Pakistan is facing a heavier fuel burden than many of its regional peers. These sharp increases in both petrol and diesel are likely to add further pressure to consumers.
With transport and living costs already high, the rising cost of fuel may further strain household budgets and increase the overall cost of living.
Further economic pressures could emerge if these trends continue, and the government may face increased challenges in stabilizing consumer costs. Related discussions regarding future utility costs can be found here: IMF talks: Electricity, gas prices set to rise from Jan 2027.
Frequently Asked Questions
By what percentage did petrol prices increase in Pakistan?
Petrol prices in Pakistan increased by 56% since the US-Iran war.
Which country had the highest increase in diesel prices?
Myanmar recorded the highest increase in diesel prices at 113%.
How did India’s petrol price changes compare to Pakistan’s?
While Pakistan’s petrol prices surged by 56%, India recorded no increase in petrol prices during the past two and a half months.
How do you think rising fuel costs will impact your daily transportation and living expenses?