Members of the Senate Standing Committee on Finance were cautioned that petrol prices in Pakistan could climb sharply if ongoing regional tensions continue to disrupt global oil supplies.

During a meeting chaired by Saleem Mandviwalla, lawmakers were informed that sustained volatility in international crude markets could eventually drive domestic fuel prices to around Rs. 500 per litre.

The warning came as global energy markets remain unsettled due to geopolitical tensions affecting major shipping routes and oil supply chains.

Finance Minister Muhammad Aurangzeb told the committee that international petroleum prices are experiencing significant fluctuations as a result of the evolving regional conflict.

Petroleum Minister Ali Pervaiz Malik said the government is continuously monitoring global market developments and adjusting policy decisions accordingly.

He added that authorities will reassess international oil price trends before announcing the next revision in domestic petroleum prices.