Fuel Shock May Blast Inflation Past 12% in Pakistan

Fuel shock may blast inflation past 12% in Pakistan

Global oil prices are rising sharply due to escalating tensions in the Middle East, creating fresh pressure on international energy markets. The situation has worsened after disruptions in the Strait of Hormuz and attacks on oil and gas facilities in Qatar, Kuwait, and Bahrain, pushing crude oil prices to around $110–$120 per barrel. Experts warn that these developments could have serious consequences for Pakistan’s economy. As fuel prices incre…

Pakistan has LPG stock for just 9 days, crude oil for 11 amid Middle East tensions

Pakistan has LPG stock for just 9 days, crude oil for 11 amid Middle East tensions New Delhi: Pakistan has limited petroleum reserves, with crude oil stocks sufficient for just 11 days, raising concerns over energy security amid disruptions caused by the ongoing Middle East conflict, a report has said. Briefing the Senate Standing Committee […] The post Pakistan has LPG stock for just 9 days, crude oil for 11 amid Middle East tensions appeared f…

Pakistan’s Fuel Reserves Near Critical Levels Amid Middle East Disruptions

Pakistan is facing a growing energy crisis as its petroleum reserves drop to critically low levels due to ongoing disruptions linked to tensions in the Middle East. Officials informed the Senate Standing Committee on Petroleum that the country currently has limited fuel availability. Crude oil reserves are sufficient for only 11 days, while LPG stocks may last just 9 days. Jet fuel reserves stand at 14 days, diesel at 21 days, and petrol at 27 d…