Asia Business World

Pakistan's Fuel Price Crisis

Pakistan's Fuel Price Crisis

The ongoing conflict in the Middle East has hit Pakistan's economy hard, with petrol prices rising by nearly 77% in a single month.

In an effort to mitigate the impact on citizens, officials have suspended fares for state-run transport, though critics argue the measure is insufficient.

The energy crisis is being exacerbated by disruptions in the Strait of Hormuz, which have trapped a significant portion of the world's oil supply.

Protests have erupted in several cities as inflation continues to spiral out of control.