ISLAMABAD: Pakistan raised petrol and diesel prices by up to Rs2.84 per liter on Thursday, as renewed fighting between the United States and Iran pushed global oil prices higher and revived concerns over energy supplies through the Gulf.

Pakistan, which relies heavily on imported fuel, has changed its petroleum pricing mechanism as the Iran war has caused sharp fluctuations in international energy markets.

The government initially shifted from fortnightly to weekly price reviews after the conflict erupted on Feb. 28 and later moved to daily adjustments in July as volatility persisted.

“Based on revised petroleum pricing mechanism, issued by Federal Government, Oil and Gas Regulatory Authority (OGRA) has revised the ex-depot prices of the petroleum products for 4th September, 2026,” the Petroleum Division said in a notification that listed the new prices.

OGRA increased the price of petrol by Rs2.84 to Rs349 per liter and high-speed diesel by Rs2.28 to Rs374.31.

The revision came as Iran launched missile and drone attacks on US allies in the Gulf following renewed American strikes on Iranian targets, driving Brent crude above $95 a barrel on Thursday.

Iranian First Vice President Mohammad Reza Aref warned on Thursday that Tehran’s response to further US attacks would be “asymmetric” and “multi-layered,” as the renewed hostilities again raised concerns over energy flows from the region.

The Strait of Hormuz, at the center of repeated tensions during the conflict, is a critical route for global oil and gas shipments, making developments around the waterway particularly sensitive for energy-importing countries such as Pakistan.