By Iftikhar Mashwani
The recent sharp increase in petroleum prices in Pakistan has sparked strong public criticism, with concerns mounting over its potential impact on the economy and daily life.
Citizens and analysts warn that the sudden hike, implemented overnight, could severely disrupt business and economic activities across the country.
As of April 3, 2026, petrol prices have climbed to Rs. 458.49 per liter, while diesel has reached Rs. 520.35 per liter. This increase comes despite a comparatively lower global oil price of $108.28 per barrel.
Observers have drawn comparisons with March 8, 2022, during the COVID-19 crisis, when international oil prices stood higher at $128 per barrel. At that time, petrol in Pakistan was priced at Rs. 149.86 per liter and diesel at Rs. 144.15 per liter.
Critics argue that the current disparity reflects policy inefficiencies and mismanagement.
Economists caution that the rising fuel costs will likely intensify inflation and unemployment, which are already at high levels. Increased transportation and production costs are expected to push essential commodities beyond the reach of ordinary citizens, raising fears that many households could struggle to meet basic needs, including food.
The situation is further influenced by global geopolitical tensions, particularly the ongoing Iran–United States tensions, which have affected regional energy dynamics.
However, some analysts believe that Pakistan could potentially benefit from the crisis through closer energy cooperation with neighboring Iran.
There are also circulating claims that Iran has supplied multiple shipments of oil to Pakistan during the current tensions, reportedly amounting to dozens of tanker consignments.
Questions have been raised in public discourse regarding the transparency and utilization of such resources, though no official confirmation or detailed accounting has been provided.
Critics argue that the government has failed to capitalize on potential opportunities to secure energy at lower costs from regional partners. They emphasize the need for transparent policies and strategic planning to protect national interests and ease the financial burden on the public.
Experts warn that unless urgent corrective measures are taken, the ongoing fuel price surge could further weaken economic stability and deepen the hardships faced by millions of Pakistanis.
