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–Pakistan cuts diesel price by Rs32 per litre, offering relief after weeks of volatility, while petrol price remains unchanged
BeNewz Report
ISLAMABAD: Prime Minister Shehbaz Sharif has approved a Rs 32.12 per litre reduction in diesel prices, bringing the new rate down to Rs 353.43, while petrol prices have been kept unchanged, according to an official announcement on late Friday.
The decision comes as part of the government’s effort to provide relief to consumers following sharp fluctuations in global oil markets. Diesel prices were previously at Rs 385.54 per litre, and the latest reduction marks a significant downward adjustment.
Shehbaz Sharif said the government’s priority is to pass on the benefit of declining international oil prices to the public as quickly as possible. Analysts note that diesel is widely used in transport and agriculture, meaning the price cut could help ease inflationary pressures, particularly in food supply chains.
Petroleum sources confirmed that petrol prices have been maintained at existing levels to ensure stability in the domestic market. Petrol is primarily used in private transport, while diesel plays a critical role in goods transportation and farming activities.
Global oil prices have remained volatile in recent weeks due to geopolitical tensions in the Middle East, particularly involving Iran, Israel, and the United States. Prices surged earlier amid supply concerns but eased after the Strait of Hormuz reopened, improving global supply flows.
Since early March 2026, Pakistan has seen four major revisions in petroleum prices amid global volatility. On March 6, the government increased petrol and diesel prices by around Rs55 per litre due to rising international crude prices, pushing petrol to about Rs321 per litre and diesel to Rs335.
A second major hike came on April 3, when petrol prices surged by Rs137.23 per litre to Rs458.40, while diesel jumped by Rs184 to Rs520.35 per litre, marking one of the steepest increases in recent years.
Following public backlash and partial easing in global prices, the government later announced a reduction of around Rs80 per litre in petrol, bringing it down to approximately Rs378. Another cut on April 10 reduced petrol by Rs10 and diesel by Rs135 per litre, lowering diesel to around Rs385.
Fuel prices remain a key driver of inflation in Pakistan’s economy. According to central bank assessments, changes in energy costs directly impact transport, food prices, and overall consumer inflation, making petroleum pricing a critical policy tool.
Economists say the latest diesel price cut could lower transportation costs and ease pressure on essential commodity prices in the coming weeks. However, they caution that sustained relief will depend on global oil trends and exchange rate stability.
The latest move underscores the government’s attempt to balance inflation control with external price shocks, though continued volatility in international markets suggests that fuel pricing adjustments may persist in the near term under Pakistan’s energy policy framework.
