Pakistan's weekly inflation stays above 13% as the Hormuz crisis lifts fuel and staple prices

Pakistan's Sensitive Price Indicator (SPI) stayed at 13.09 percent year on year in the week ending 16 July 2026, as the continued disruption in the Strait of Hormuz and the US-Iran war strained the global oil supply chain. Pakistan's annual inflation rate eased to 11.0 percent in June, slightly below 11.7 percent in May.

Elevated global oil prices have fed into domestic petrol, diesel and LPG rates and raised transport costs for perishable goods. The petrol price in Pakistan rose to 310.71 rupees per litre from 11 July, and authorities now review fuel prices weekly.

The situation shows how the energy crisis stemming from regional tensions is pressuring the economies of Iran's neighbours.