In a televised video message, Petroleum Minister Ali Pervaiz Malik announced a historically large 55-rupee ($0.20 a liter) increase to 321.17 rupees for diesel and 335.86 rupees for petrol. 2 4 Motorcyclists crowd in a filling station and wait their turn to get fuel, in Lahore, Pakistan, Friday, March 6, 2026. The premier also instructed the petroleum minister to visit the provinces and, in coordination with the provincial governments, prepare a strategy and plan for conserving petroleum products and ensuring their uninterrupted supply to the public. 4 4 People wait for their turn to get fuel at a petrol station, amid the U.S. and Israeli conflict in Iran, in Karachi Reuters“We have sufficient petrol reserves. But we are planning to stretch them because we don’t know when the Middle East crises will end,” said the petroleum minister.

Source: The Telegraph March 07, 2026 04:51 UTC