Key statistics:

• The previous petrol price was Rs366.58 per litre.
• The old price of high-speed diesel was Rs353.42 per litre.
• The government increased fuel prices again by Rs26.77 per litre on April 25, 2026.
• Pakistan’s oil import bill surged from $300 million to $800 million due to the conflict.
• The State Bank of Pakistan raised its key policy rate to 11.5 percent.

Fuel prices directly impact inflation and the cost of living in Pakistan. The country relies heavily on imported energy, making it vulnerable to global fuel price fluctuations. Aslam Ghauri criticized the government’s policies, stating, “The government’s flawed policies have imposed an economic war on the people.” Kaiser Bengali noted the dire situation, saying, “We are in a state of absolute dependency, where even a $1bn tranche can make the difference between survival and collapse.”

The recent increases come amid ongoing negotiations with the International Monetary Fund (IMF). The government seeks financial support to stabilize its economy, which faces significant challenges due to rising transport costs and inflation.

As Pakistan navigates this economic crisis, officials have not provided a clear timeline for potential relief measures or adjustments in fuel pricing. The situation remains fluid as both domestic and international factors continue to influence the country’s economic landscape.

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The Punjab government has announced the closure of all schools, colleges, and universities across the province, effective from March 10 to March 31, 2026. This decision comes as part of a broader response to ongoing economic pressures linked to the global oil crisis and regional conflicts.

During this closure period, scheduled examinations will continue as planned. In an effort to maintain educational continuity, colleges and universities have been directed to shift their teaching to online classes.

The closure is not an isolated measure; it is part of a series of actions taken by the Punjab government to address the economic challenges currently facing the region. Recently, the government has implemented a 50 percent reduction in fuel allowances for government employees, and provincial ministers will no longer receive government fuel until the petroleum shortage is resolved.

In addition to these measures, a work-from-home policy will be implemented in government offices, allowing only essential staff to attend physically. These steps are aimed at conserving resources and mitigating the impact of the crisis on the provincial economy.

As news of the school closures spread, students were seen leaving for their homes, with many expressing concerns about the disruption to their studies. The situation has raised questions about the long-term impact on education in the province.

Details remain unconfirmed regarding how the transition to online classes will be managed, especially for students who may lack access to necessary technology or internet connectivity.

This decision reflects the government’s attempt to balance educational needs with the pressing economic realities faced by the region. The impact of the global oil crisis continues to reverberate, affecting various sectors and prompting significant policy changes.

As the situation develops, further updates are expected from the Punjab government regarding the status of educational institutions and additional measures to support both students and staff during this challenging time.

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