Members of the Senate Standing Committee on Finance were cautioned that petrol prices in Pakistan could rise sharply if ongoing regional conflicts continue to disrupt international oil markets.
During the meeting chaired by Saleem Mandviwalla, lawmakers were informed that extreme volatility in global crude oil prices could potentially push domestic fuel costs up to Rs500 per litre.
Finance Minister Muhammad Aurangzeb highlighted that global petroleum markets are experiencing sharp fluctuations due to geopolitical tensions in the Middle East, directly impacting Pakistan’s import costs.
Petroleum Minister Ali Pervaiz Malik added that the government is closely monitoring international oil prices and will make decisions on domestic fuel rates based on evolving market conditions.
The ministers emphasized that any future adjustments to petrol prices will be reviewed carefully, ensuring that policy decisions reflect both global market trends and domestic economic stability.
Officials urged lawmakers and the public to remain aware of the ongoing risks to Pakistan’s fuel supply and prices due to external geopolitical factors.
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