Petrol prices remain a major concern as the ongoing Iran-Israel-US conflict continues to shake global oil markets. Rising geopolitical tensions in the Middle East have pushed international crude oil prices sharply higher, creating pressure on fuel prices in many countries.
Pakistan recently announced a major increase in petrol prices, raising the rate to about Rs321.17 per litre, while high-speed diesel reached around Rs335.86 per litre after a significant hike linked to global oil market instability.
The surge in prices is largely connected to disruptions in oil supply routes and fears that the Iran-Israel-US mattia bellucci war could affect the Strait of Hormuz, a key passage through which nearly 20% of the world’s oil supply moves.
In this 12PM News Headlines, we bring you the latest petrol price updates, the global oil crisis, and how the Iran-Israel-US war is influencing fuel prices and the economy.
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