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Fuel Shock in Pakistan! Prices Soar Again as Global Oil Crisis Worsens Amid War In West Asia
Posted
April 3, 2026
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3:14Now PlayingThe Government of Pakistan announced a historic and massive hike in fuel prices, driven by the global energy crisis and the total blockade of the Strait of Hormuz. Petroleum Minister Ali Pervaiz Malik stated the hike was "unavoidable" as international crude prices surged past $115 per barrel. With the Strait of Hormuz blocked, Pakistan's supply chain is under extreme strain, and the government can no longer afford the PKR 129 billion subsidy it had been providing over the last three weeks.
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