Pakistan Fuel Prices Surge as Strait of Hormuz Disrupts Global Oil Supply
Russia’s Ambassador to Pakistan, Albert Khorev, has confirmed Moscow is prepared to supply discounted oil to Islamabad, urging Pakistan to formally initiate contact to unlock the arrangement.
The offer comes at a critical time. Global oil supply has been severely disrupted after Iran blocked the Strait of Hormuz following strikes by the United States and Israel, and Pakistan has already raised petrol and diesel prices by Rs. 55 per litre each.
Pakistan relies on imports for more than 80 percent of its oil needs, making the energy crisis a direct threat to the broader economy.
Experts warn that if the Strait of Hormuz remains blocked for three months, crude oil prices could soar to $120–150 per barrel, potentially doubling Pakistan’s current inflation rate.
Russia–Pakistan Energy Cooperation: What’s Next?
Ambassador Khorev emphasized that the energy sector remains the most important pillar of bilateral cooperation between the two nations, and that any progress depends on Islamabad initiating engagement. Geo News A formal request from Pakistan could open the door to cost relief for millions of citizens during one of the most severe global energy disruptions in decades.
