Pakistan has raised petrol and diesel prices, adding fresh pressure to households already struggling with high living costs. The fuel hike is expected to push up transport and other everyday expenses, potentially worsening inflationary pressures across the country. The latest increase comes as Pakistan continues to grapple with economic challenges and rising public concerns over the cost of living.


Pakistan fuel price shock: Petrol and diesel hike deepens inflation crisis 

Thousands of people rallied across Pakistan to protest soaring inflation and the rising cost of living. Demonstrators voiced anger over higher prices and growing economic pressure on households, highlighting the deepening concerns over Pakistan’s inflation crisis.


Pakistan inflation crisis: Thousands protest rising prices and taxes

Hundreds of members of Pakistan's transgender (Khwaja Sira) community and their supporters gathered in Karachi to protest against soaring inflation, rising fuel prices, expensive food, and the increasing cost of living.

The demonstrators carried placards demanding urgent government action, better employment opportunities, and financial relief for vulnerable communities. Protesters said the rapid increase in the prices of essential goods, housing, and transportation has made survival increasingly difficult, especially for transgender Pakistanis who continue to face discrimination and limited access to formal employment.

Pakistan's Transgender Community Protests Rising Inflation and Cost of Living in Karachi

Global energy markets are facing renewed uncertainty as Brent crude oil prices surge above $94 per barrel amid rising US-Iran tensions. Analysts warn that crude prices could approach $100 per barrel soon, while a worst-case scenario could push Brent back toward $120 if oil flows through the Strait of Hormuz are severely disrupted.

The Strait of Hormuz remains one of the world's most important energy routes, carrying millions of barrels of oil every day. Any escalation in the Middle East could trigger a fresh oil shock, impacting fuel prices, inflation, and global economies.

Goldman warns: Brent could top $120 again | Wion News  | World Business Watch 

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