Pakistan’s Pakistan oil import bill increased significantly during the fiscal year 2025-26 as rising international crude oil prices pushed import costs beyond expectations. The increase has created fresh economic challenges while adding pressure on fuel prices across the country.
According to official financial data, Pakistan spent approximately $16.86 billion on petroleum imports during FY2025-26. This amount is considerably higher than the International Monetary Fund’s projected estimate of $15.28 billion, reflecting an unexpected increase in energy-related expenses.
The sharp rise in global oil prices was largely driven by geopolitical tensions in the Middle East. Uncertainty in energy markets disrupted supply expectations and caused crude oil prices to climb, directly affecting countries that depend heavily on imported fuel, including Pakistan.
The IMF had projected Pakistan’s oil import bill for the current fiscal year at around $16.31 billion. However, sustained volatility in international energy markets has already placed additional financial pressure on the country’s import payments and foreign exchange reserves.
Higher petroleum import costs have also impacted domestic consumers. Petrol and diesel prices reached record levels, increasing transportation expenses and raising the overall cost of living for households and businesses across Pakistan.
Government figures indicate that petroleum imports recorded an annual increase of 5.76% compared with the previous fiscal year. The higher import bill highlights Pakistan’s continued dependence on imported energy despite efforts to diversify its energy mix.
