Pakistan has witnessed a sharp rise in petroleum prices over the past two and a half months, as petrol increased by 56 percent and diesel climbed by 48 percent following global supply disruptions linked to the US-Iran conflict. Officials said the sudden jump has placed heavy pressure on transport costs and household budgets across the country.
According to official documents, diesel prices in Pakistan rose by 48 percent during the reported period, reflecting a broader global trend of rising fuel costs. However, analysts noted that Pakistan’s increase remained significant when compared with several regional and international economies experiencing similar market shocks.
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In comparison, diesel prices in the United States and Vietnam increased by around 45 percent, while the Philippines recorded a 43 percent rise and Sri Lanka saw a 42 percent increase. Moreover, Australia registered a 41 percent hike, showing that fuel inflation has impacted both developed and developing economies at different levels.
Meanwhile, some countries experienced either lower or mixed increases in diesel prices during the same period. The United Kingdom saw a 34 percent rise, while Ghana recorded 21 percent and Bangladesh reported a 15 percent increase. At the same time, certain markets recorded much sharper spikes, including Myanmar at 113 percent, New Zealand at 88 percent, and the United Arab Emirates at 72 percent.
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Additionally, petrol prices in Pakistan surged by 56 percent since the escalation of the US-Iran conflict, making it one of the steepest increases among the surveyed countries. In contrast, India reported no change in petrol prices during the same timeframe, while Singapore, Australia, Ghana and Bangladesh recorded moderate increases ranging between 11 and 17 percent.
Overall, the data shows that Pakistan continues to face a heavier fuel burden compared with many regional peers, adding further strain on consumers already dealing with rising inflation and transportation costs. Experts warn that sustained volatility in global energy markets could continue to impact domestic pricing and economic stability in the coming months.