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Global airlines hike fares as jet fuel prices surge
Middle East conflict disrupts air routes and pushes carriers to add fuel surcharges
Mar 11, 2026
Mar 11, 2026
Middle East conflict disrupts air routes and pushes carriers to add fuel surcharges
The release would exceed the 182 million barrels of oil that IEA member nations put on the market in 2022 when Russia launched its full-scale invasion of Ukraine
Crude slump trims expected petrol and diesel increases by up to 40%
Four shipments arrive or en route ahead of Eid as traders blame “gas mafia” for overpricing
CEO warns prolonged U.S.-Israel-Iran conflict could have “catastrophic” global economic impact
Cumulatively, Pakistan receives $26.5 billion in remittances from July-February FY26
Passenger car sales up 42% year-on-year as market cools after seasonal surge
The country's spectrum availability increases by 1.7% after the auction
The EU imports more than 90% of its oil and around 80% of its gas, making European countries highly exposed to fluctuations in global oil and gas prices
Work-from-home policies, school closures and vehicle fuel cuts introduced to conserve energy
Higher fuel costs and conflict surcharges drive up trucking, shipping and air cargo rates
Ratings agency warns higher oil prices may pressure Pakistan and others while exporters could gain windfall
Petrol and diesel shipments expected to keep markets stable amid Middle East tensions
Tanker insurance costs surge as Gulf tensions disrupt petroleum cargo bookings
Ahmed says deferred oil payment arrangement with Saudi Arabia remains on track
The decision was taken amid conflict in the Middle East which has skyrocketed oil prices
February volumes fall 15% month-on-month despite strong transport and farm demand
Chase Securities says CPI could reach 9-11% if crude climbs near $100
Port authorities say move reflects shipping lines’ confidence as trade flows continue despite tensions
Jet fuel climbs from PKR 189 to PKR 342 per liter amid Gulf supply disruptions
