News18 (English) ·
Pakistan’s Energy Crisis Deepens As Record Fuel Prices Put Shehbaz Sharif Govt Under Pressure
Pakistan faces an energy crunch due to rising global oil prices and Gulf shipping disruptions.
Pakistan is facing a widening energy crunch as disruptions around key Gulf shipping routes drive up global oil prices and put pressure on the Shehbaz Sharif government to contain fuel costs and petroleum consumption. Sharif is facing mounting pressure as ministers warn about the impact of disruptions in the Strait of Hormuz and Bab el-Mandeb.
Pakistan raised petrol prices by PKR 4.10 per litre and high-speed diesel prices by PKR 6.41 per litre on Tuesday night. Following the increase, petrol is priced at PKR 384.34 per litre, while high-speed diesel costs PKR 415.83 per litre.