Fuel prices have risen in more than 85 countries worldwide following escalating tensions involving Iran, triggering widespread increases due to disruptions in global oil supply.
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According to reports, the surge in prices has been observed across Asia, Europe, Africa, and North America, as uncertainty surrounding oil shipments intensified. A key factor behind the rise is instability in the Strait of Hormuz, a critical passage through which a significant portion of the world’s oil supply is transported.
Data cited by Al Jazeera indicates that over 85 countries have recorded increases in petrol prices since the conflict began. The scale of the increase varies by region, depending on local economic policies and reliance on imported fuel.
In Pakistan, petrol prices have risen by nearly 20 percent, placing additional pressure on consumers already facing economic challenges. Meanwhile, India has managed to keep domestic fuel prices relatively stable despite the global crisis, highlighting differences in policy responses.
European countries such as Spain, Germany, and France have also experienced noticeable increases in fuel prices. Similarly, in the United Kingdom, both petrol and diesel prices have climbed in response to market pressures.
Among the most affected countries, Vietnam recorded the sharpest rise, with petrol prices jumping from approximately $0.75 per litre before the conflict to about $1.13 per litre—an increase of nearly 50 percent. Laos and Cambodia also reported significant increases of around 33 percent and 19 percent, respectively.
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In North America, the United States has also seen a considerable rise in fuel prices. Analysts warn that continued geopolitical tensions could further destabilize global energy markets in the coming weeks.