EconomyPoliticsHOTFriday, April 3, 2026

Pakistan Cuts Petrol Price by Rs 80 After Earlier Hike and Protests

Pakistan has significantly increased its fuel prices for the second time in less than a month, attributing the hike to rising global oil prices influenced by ongoing tensions in the Middle East. The government announced that petrol prices would rise by approximately 43%, reaching PKR 458.40 per litre, while diesel saw an increase of about 55%, bringing its new price to PKR 520.35 per litre. Petroleum Minister Ali Pervaiz Malik stated the decision was unavoidable given international market conditions and the country's limited resources. Pakistan, heavily reliant on imported fuel, cited supply disruptions through routes like the Strait of Hormuz as a contributing factor to the price adjustments.

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Update #2\u00b7 Apr 6 · 11:16 AM

Pakistan has reduced petrol prices by Rs 80 per litre, setting the new price at Rs 378 per litre. Prime Minister Shehbaz Sharif announced the cut on Friday, stating it would take effect from midnight Saturday and remain unchanged for at least one month. The reduction was achieved by cutting the petroleum levy. This move follows a recent significant increase in fuel prices, where petrol rose by approximately 43 percent to Rs 458 per litre and high-speed diesel by 55 percent to Rs 520.35 per litre, reportedly triggering protests. The initial price hikes were influenced by rising global oil prices amidst Middle East tensions.

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