Tuesday, May 12, 2026

Pakistan is witnessing sharp increase in petroleum prices amid Middle East tensions

Intro:

Rising global oil prices amid the Middle East tensions are driving up fuel costs in Pakistan, adding to inflationary pressures in an economy reliant on a $7 billion loan program from IMF.

The South Asian nation is left with 30 days stock of petrol and 27 days of high-speed diesel.

The country remains heavily dependent on Gulf oil imports via the Strait of Hormuz, a key shipping route under increasing strain

Hira Mustafa reports from Islamabad. 

In: Pakistan's.....

Out: SOC 

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