Is Pakistan Experiencing Petrol Shortage amid Global Iran-US Crisis?

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Is Pakistan Experiencing Petrol Shortage amid Global Iran-US Crisis?

Pakistan’s fuel supply chain is under growing strain as officials closely track petroleum reserves on a daily basis, while the Oil and Gas Regulatory Authority works to keep the market stable.

According to official data, the country currently maintains a 28-day supply of petrol and diesel. However, analysts caution that rising global tensions could quickly impact these reserves if the crisis deepens.

The turmoil began after a sharp escalation in the Gulf region, where Tehran temporarily closed the vital Strait of Hormuz, citing security threats linked to ongoing hostilities involving the US and Israel. The strait is a crucial global oil corridor, responsible for transporting nearly 20% of the world’s daily oil supply, including exports from major producers such as Saudi Arabia, Iraq, Iran, the United Arab Emirates, Kuwait, and Qatar.

Global oil markets reacted sharply to the disruption. Brent crude surged to $82.37 per barrel, its highest level in more than a year, before easing to $78.28, still marking a 7.4% increase. Meanwhile, U.S. West Texas Intermediate (WTI) climbed to $75.33 before settling at $71.76, remaining up by over 7%.

The spike in prices follows intensifying violence in the Gulf, with reports of vessel attacks, damaged tankers, and major interruptions in shipping activity. More than 200 ships are said to be waiting outside the strait for clearance, and at least one tanker incident reportedly resulted in a fatality.

The developments have triggered alarm across global energy markets, prompting major Asian importers like China and India to review their reserves and consider alternative supply routes.

If the disruption persists, the impact could extend worldwide, driving up fuel costs, increasing economic pressure, and raising concerns over energy security. Authorities and industry stakeholders continue to monitor the situation closely.

Read more: Pakistan Seeks Saudi Oil Backup amid Hormuz Blockade

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