Pakistan Economy Under Fire: GDP May Shrink 1.5% Amid Oil Shock
Edited By WION Video Desk
Published: Mar 16, 2026, 20:45 IST | Updated: Mar 16, 2026, 20:45 IST
Pakistan is experiencing a severe fuel crisis in March 2026, driven by Middle East conflict disrupting oil supplies, resulting in over 20% price hikes. Petrol prices exceeded PKR 320/litre, causing panic buying and shortages as the nation imports over 80% of its energy. The government has introduced austerity measures, including salary cuts and reduced official travel.
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