Prime Minister Narendra Modi had recently appealed to the countrymen to reduce the consumption of petrol and diesel. He had said that in view of the global situation, energy saving has now become not only an economic necessity but also a national responsibility. This appeal of PM Modi has come at a time when due to Iran-Israel tension and West Asia crisis, a rise in fuel prices is being seen across the world.

How much impact did the energy crisis have on neighboring countries?

Neighboring countries like Pakistan, Sri Lanka, Nepal and Myanmar are facing severe fuel crisis, whereas India has so far given great relief to the general public by keeping the prices of petrol and diesel stable. Between February 2026 and May 2026, huge fluctuations were seen in international crude oil prices, which had the biggest impact on South Asian countries. The sudden rise in petrol and diesel prices has shaken economies like Pakistan, Sri Lanka, Nepal, Bangladesh and Myanmar. On the other hand, India has kept itself in a relatively strong position by keeping fuel prices stable amid this global crisis.

The price of petrol in India in February 2026 was around ₹ 91.30 per liter and it remained at almost the same level till 10 May 2026. Despite global war-like circumstances and pressure in the oil market, there was no major change in domestic prices. This stability is also considered important because India imports most of the crude oil it needs. Despite this, strategic storage, imports from diverse sources and balancing tax structure provided relief to the common consumers.

Pakistan: double burden of inflation and tax

The situation in Pakistan appears to be most serious. The prices of petrol there had reached 400 to 450 Pakistani rupees per liter. If we look at it in Indian Rupees then it comes to around ₹ 122 to ₹ 133 per litre. On May 9, 2026, the government fixed the maximum depot price of petrol at Pakistani rupees 414.78 per liter, which is equivalent to about Rs 123 per liter in Indian currency. In this, approximately 144.26 Pakistani rupees were taxes and government fees, that is, about 34.8 percent of the total price was only indirect taxes.

Due to the energy crisis, the Government of Pakistan took steps like reducing office hours, banning non-essential lighting and limiting electricity consumption. In a country facing economic crisis, rising fuel prices are increasing the problems of the common people.

Myanmar: the most frightening situation

The situation in Myanmar was even worse. While in February 2026, the price of petrol was around 2,700 Myanmar Kyat per litre, which was around ₹95 in Indian currency, by May it increased to around 5,500 Kyat i.e. around ₹193 per litre. This is an increase of approximately 102 percent. Due to political instability and weak supply system, the fuel crisis there badly affected transportation and trade.

Sri Lanka: Crisis reached rationing

The price of petrol in Sri Lanka was around 240 Sri Lankan rupees per liter in February, which increased to around 338 Sri Lankan rupees per liter by May. In Indian currency it comes to about ₹ 106 per liter. In a country trying to overcome the economic crisis, the government had to implement QR code based rationing system. People are being given limited quantity of fuel so that consumption can be controlled. Rising prices have put additional pressure on Sri Lanka’s budget and transportation system.

Nepal: Most expensive fuel in South Asia

Petrol prices in Nepal were recorded among the highest levels in South Asia. Petrol there reached 219 Nepali rupees per liter, which is equivalent to approximately ₹137 per liter in Indian currency. Despite continued supplies from India, the impact of the global market was clearly visible there.

Bangladesh: heavy dependence on imports

Bangladesh imports about 95 percent of its energy needs. By May 2026, the price of petrol there will reach around 116 taka per liter, which is approximately ₹ 85 per liter in Indian currency. Amidst the crisis, India sent 5000 tonnes of diesel to Bangladesh on March 10, 2026 and continued the supply assistance further. Although prices increased there, the situation was not as bad as in Pakistan and Myanmar.

China: Prices reached equal to India

The situation in China was also interesting. In February, petrol there was around 6.5 yuan per liter i.e. around ₹ 75 per litre, but after the war and supply crisis, the prices increased to around 7.9 yuan i.e. ₹ 91 per litre. Now the prices of petrol in China and India have almost reached the same level.

The impact of this crisis across South Asia is not limited to petrol pumps only. In many countries, steps like switching off street lights, closing markets early, implementing work from home and saving electricity are being taken. Amidst this, India’s role has emerged as a power maintaining regional stability. By continuing to supply fuel to neighboring countries, India not only maintained strategic balance but also showed how important strong economic management is in times of global crisis.

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Pakistan Fuel Crisis: At present, the prices of petrol and diesel remain stable in India, but the situation in neighboring countries Pakistan and Bangladesh looks completely different. The situation regarding fuel seems to be worsening there. People’s concern regarding the availability of petrol and diesel is continuously increasing.

Due to uncertainty regarding supply and rising prices, the problems of common people have increased. The effect of which is also visible on social media where people are openly expressing their displeasure towards the government.

According to reports, there have been reports of depletion of fuel stocks in Pakistan due to Iran-Israel war. Considering the situation, the government has taken steps. So that the situation in the country can be controlled…
Pakistani government tightened its belt

In view of the increasing fuel problems in Pakistan, the government is considering taking several strict steps to reduce consumption. There is discussion that schools and colleges may be closed for about two weeks. Along with this, options like implementing a four-day work week in many government offices and giving work from home to about 50 percent of the employees have also come to the fore.

According to information received from media reports, proposals like reducing the use of government vehicles by about 60 percent, halving the fuel allowance and banning ministers’ salaries and foreign tours are also being considered. It has also been said in some reports that a plan to reduce the salaries of MPs by about 25 to 50 percent is also being discussed.

Outcry in Bangladesh

Due to increased tension between Iran and Israel, there is an outcry over petrol and diesel in Bangladesh. After increasing uncertainty regarding oil supply, the Bangladeshi government has implemented rationing system on the sale of petrol and diesel.

Under which only limited quantity of fuel is being given to the vehicles. Despite this, long queues of people were seen at many petrol pumps in the capital Dhaka. People appeared angry due to running out of fuel at some places.

Long queues at petrol pumps

The situation in Pakistan is such that many petrol pumps have been closed due to running out of oil. At the same time, in the petrol pumps where oil is available, long queues are forming to get petrol and diesel. There are reports of clashes and violence at many places.

People’s reactions on social media

People’s anger regarding the increasing fuel crisis in Pakistan is coming out openly on social media. Many users are seen cursing the government for this situation. At the same time, some people are trolling the leaders by reminding them of old statements.

While comparing with India, some users are also saying that India has sufficient stock of oil in comparison, whereas the situation in Pakistan deteriorated quickly. There is anger among the common people about the government.

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Pakistan Petrol/Diesel Crisis: The effect of increasing tension in the Middle East regarding the Iran-Israel war is now visible in Pakistan too. The people of Pakistan, who were already facing the brunt of inflation, got another big shock when the government here announced to increase the prices of petrol and diesel to a record level in the history of the country.

There is an atmosphere of chaos in Pakistan due to this announcement made on Friday night. People are running here and there to fill fuel in their vehicles before the new prices are implemented. In cities like Karachi, Lahore and Islamabad, people are flocking to petrol pump stations to buy more fuel due to concerns about rising prices, causing traffic jams.

How much have the prices increased?

Shahbaz Sharif’s government in Pakistan has increased the prices of petrol and diesel by 55 Pakistani rupees on March 7, which is considered to be the biggest increase till date. With this, the new price of petrol has now reached PKR 321.17 and the price of diesel has reached PKR 335.86 per liter.

The surprising thing is that this increase in prices happened 24 hours after the government assured the people of the country that there are huge reserves of crude oil in the country. Whereas according to reports, at present Pakistan has only 26-28 days of petrol-diesel and 10 days of crude stock left. To save fuel, the government is recently considering the options of working from home (WFH) and running online classes in schools.

Impact on oil supply in Pakistan

Oil supply in Pakistan has been badly affected due to the closure of the Strait of Hormuz between Israel and American attacks from Iran. Pakistan is dependent on Saudi Arabia and UAE for its oil needs. Pakistan imports 80-85 percent of its oil requirement.

In the business year 2023-24, Pakistan imported about 9.05 million metric tons of crude oil. Pakistan imports 4,30,000 barrels of oil per day, whereas the daily demand in the country is 5,00,000 barrels. Pakistan spent about $5.61 billion in crude oil imports alone in 2024 and about $11.94 billion in the first nine months of the business year 2024-25.

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