Pakistan Hikes Petrol and Diesel Prices by Rs 15 as Strait of Hormuz Blockade Triggers Global Energy Crisis
The Government of Pakistan has raised fuel prices to over 414 rupees per liter following the closure of the Strait of Hormuz and mounting pressure from the IMF.
PIDE Warns Pakistan Economy Faces Severe Risk from Strait of Hormuz Disruptions
A study by the Pakistan Institute of Development Economics reveals that a disruption in the Strait of Hormuz could drive Pakistan’s inflation above 12% and destabilize external accounts.