04 May 2026

09:34

  • Bitumen 60/70

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Home Blog Pakistan PM: Oil Import Costs Up 167% Since Iran War Began

Pakistan PM: Oil Import Costs Up 167% Since Iran War Began

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Update date: 2026/04/29

Pakistan’s Prime Minister Shehbaz Sharif announced on Wednesday that the country’s oil import bill has jumped 167% to $800 million per week amid the war in Iran from around $300 million weekly before the conflict began. Brent crude for June delivery was trading at $114.75 per barrel at 7.00 am ET on Wednesday, a big jump from the low 70s before the war, while the corresponding WTI crude contract was changing hands at $103.33/bbl from mid 60s in late February. According to Prime Minister Sharif, the spike in fuel prices has “dented…

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