EnergyDeveloping
7.0
Pakistani ride-hailing drivers face collapse as Middle East conflict drives fuel costs
Rising petrol prices triggered by geopolitical tensions in the Middle East are pushing Pakistani ride-hailing drivers to economic crisis, with drivers like Amjad Ali Khan reporting near-zero daily earnings after fuel and vehicle rental costs. The price surge follows February 28 US-Israel military action against Iran, disrupting Hormuz Strait oil flows and forcing Pakistan to raise petrol prices by Rs55 overnight. Driver attrition appears imminent as margins compress below subsistence levels.