Due to non-supply from within the country, most of the petrol pumps in Karachi, Lahore, Quetta, and other cities have been closed and those who have petrol available have jacked up their prices.
While China is the outlier for now, easing travel restrictions and stimulus packages aimed at resuscitating economies could accelerate global oil demand in the second half of 2020.
Brent crude futures for August rose 43 cents, or 1.1%, at $40 a barrel, by 0252 GMT. The contract climbed to as high as $40.42, the highest since March 6, after gaining 3.3% on Tuesday.
Brent has doubled in the past six weeks, thanks to supply cuts by the Organization of the Petroleum Exporting Countries and its allies, including Russia, a grouping known as OPEC+.
Benchmark Brent crude rose 2.3pc, or 88 cents, to $39.20 a barrel a