Pakistan has become the world’s second most fuel-unaffordable country after Ethiopia, following a sharp hike that pushed petrol prices to Rs458.40 per litre.
The new rates took effect on April 3, 2026, with diesel rising to Rs520.35 per litre. This record increase of Rs137 for petrol and Rs184 for diesel has left many citizens worried about daily costs.
Officials say the hike was unavoidable due to surging global oil prices caused by conflict in the Middle East. Pakistan imports nearly 80-90 percent of its fuel needs.
Recent tensions have driven international crude and diesel prices sharply higher, forcing the government to pass on the costs after earlier absorbing some burden through subsidies worth over Rs129 billion in recent weeks.
When compared to average income levels, fuel has become extremely hard for ordinary Pakistanis to afford. Ethiopia ranks first in unaffordability, with very low daily wages making even moderate fuel prices a heavy load. In Pakistan, rising energy costs are outpacing salaries and adding to inflation pressures.
Despite having seaports and some local petroleum production, the country remains heavily dependent on imports. The latest jump has sparked public anger, as transport fares, food prices, and other goods are expected to rise further.
Many fear shrinking purchasing power and greater hardship for low-income families.
The government has promised targeted support and energy-saving steps, but experts warn that repeated hikes without broader reforms could worsen economic difficulties. Citizens hope for relief as global oil markets stabilise.
