Petrol and diesel prices in Pakistan rise by more than 50 percent after Hormuz tensions

New Delhi. The problems of the common consumers of Pakistan have increased due to the impact of the increasing war between America and Iran in West Asia. The prices of petrol and diesel in the country have reached record levels. Pakistan’s Petroleum Minister Ali Parvez Malik recently told in a press conference that after the war between America and Iran, the prices of crude oil in the international market have gone out of control. Due to this, the prices of petrol and diesel had to be increased drastically in Pakistan.

The Pakistan government on Thursday increased the price of diesel to ₹520.35 per liter and petrol to ₹458.40 per liter. Diesel prices increased by 54.9 percent and petrol prices by 42.7 percent. Last month, Pakistan also raised oil product prices by about 20 percent. The minister clarified that this step was taken due to rising crude oil prices in the international market.

According to industry and media reports, a ship from the Strait of Hormuz arrived at Karachi Port on Wednesday. A second vessel also arrived via a different route. Trust spokesman Shariq Farooqui said more Pakistani ships are expected to arrive this month to supply essential oil from Gulf countries, as Pakistan tries to alleviate its energy crisis.

Recently, Pakistan’s foreign minister also said that Iran has agreed to allow 20 additional Pakistani ships to pass through the Strait of Hormuz. This is aimed at ensuring uninterrupted oil supplies and controlling rising prices.

Pakistan and China have jointly put forward a five-point proposal for resolving the West Asia conflict. These proposals include immediate cessation of hostilities, resumption of peace talks, ensuring the protection of non-military objectives, safety of shipping, and adherence to the UN Charter.

The war has also caused gas prices to rise by more than 35 percent for the average consumer in the United States. The closure of the Strait of Hormuz is impacting global energy supplies, as approximately 20 percent of the world’s oil passes through this route. According to experts, the oil crisis in Pakistan is unlikely to end soon, and prices will remain high.

This entire situation has made it clear that Pakistan’s efforts to act as a mediator are now taking a toll on its citizens. Rising oil prices have exacerbated inflation and economic pressures in the country.