Pakistan Fuel Crisis: Petrol Price Soars to PKR 534/Litre Amid Severe Shortage ce

In a major blow to consumers, petrol prices in Pakistan have reportedly surged to an unprecedented PKR 534 per litre, marking one of the steepest fuel hikes in the country’s history. The sharp rise comes amid a worsening fuel crisis that is beginning to impact daily life and economic activity. Sources indicate that the situation has been aggravated by a severe shortage of fuel supplies, with the government allegedly cutting distribution by nearly 60 percent. Long queues at petrol pumps and panic buying have been reported in several cities, raising fears of further disruptions. Economic experts warn that the fuel price spike could trigger a chain reaction across key sectors, pushing up transportation costs, food prices, and overall inflation. Small businesses and middle-class households are expected to bear the brunt of the crisis. The government has yet to provide a clear roadmap to stabilize fuel supplies or control prices, leading to growing public frustration. Analysts say the crisis reflects deeper structural challenges, including foreign exchange shortages and rising global oil prices. As the situation unfolds, all eyes are on Islamabad’s next move to prevent the crisis from spiraling further.