Global oil prices have surged above $100 per barrel amid ongoing geopolitical tensions in the Middle East, reshaping key sectors in Pakistan’s economy. Rising fuel costs are accelerating interest in electric vehicles, while the fertiliser sector continues to remain stable due to steady domestic gas supply.
According to Beyond Time News, industry stakeholders speaking at a webinar hosted by The Express Tribune said the energy crisis is creating both pressure and opportunity across mobility and agriculture.
Mega Motor Company representative Danish Khaliq said increasing fuel prices have sharply boosted demand for electric vehicles. He noted that consumers are now focusing more on long-term running costs rather than upfront vehicle prices.
He added that EV inquiries have surged by 200–250% in recent months, driven by potential fuel savings of up to 75%, calling it a major turning point for Pakistan’s automotive sector.
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Mega Motor, which entered the Pakistani market in 2025 as a partner of Chinese EV manufacturer BYD, has launched an electric vehicle priced at around Rs7.3 million and is also investing in local production with plans for a facility capable of producing 25,000 vehicles annually.
However, he stressed that achieving the government’s target of 30% EV adoption by 2030 will require consistent policies and long-term regulatory stability.
On the agriculture side, Engro Fertilisers reported a stable outlook, stating that continued access to domestic gas supplies has helped maintain production and support food security.
Industry experts say the oil shock is accelerating structural change in transport while reinforcing the importance of energy stability in agriculture.
