The petrol price in Pakistan today is set to fall by up to Rs55 per litre — the single largest fuel price cut in the country’s history. Prime Minister Shehbaz Sharif announced on Friday that a “significant” reduction in petroleum prices will be declared today, as global oil prices continue their decline following the US-Iran peace deal signed at Versailles. If the full Rs55 cut is passed on, the petrol price in Pakistan could fall from Rs373.78 to approximately Rs318 per litre.
According to Arab News Pakistan, the Prime Minister confirmed the announcement personally on Friday morning, describing it as direct relief for consumers from falling international prices.
Why the Petrol Price in Pakistan Today Could Fall Rs55
According to the Express Tribune, working papers prepared by the Petroleum Division, Pakistan State Oil (PSO), and the Oil and Gas Regulatory Authority (OGRA) are being examined as officials finalise a significant downward revision. Petrol and diesel prices may plunge by over Rs55 per litre, based on those working papers.
Petroleum Minister Ali Pervaiz Malik said that PM Shehbaz Sharif had personally directed authorities to pass the benefit of falling international oil prices immediately to consumers. “International oil prices are falling, and the prime minister has directed that the benefit be transferred to the public immediately,” the minister stated. This follows 24PakTimes’ coverage of the Iran deal being signed at Versailles — the single event that has most directly driven down fuel costs worldwide.
The Petrol Price Journey in Pakistan: 2026
| Date | Petrol Rate | Event |
|---|---|---|
| April 3 (peak) | Rs458.40 | Historical high during Iran war |
| May 16 | Rs403.78 | First cut after ceasefire talks |
| May 23 | Rs397.78 | 2nd cut |
| May 30 | Rs381.78 | 3rd cut |
| June 6 | Rs377.78 | 4th cut |
| June 13 | Rs373.78 | 5th cut |
| June 19 | ~Rs318? | Possible Rs55 cut — biggest ever |
According to PakWheels’ petroleum tracker, the highest petrol price in Pakistan’s history was Rs458.40 per litre on April 3, 2026. If petrol drops to Rs318 today, that is a fall of Rs140 per litre from the peak — achieved in just ten weeks. The Strait of Hormuz closure was the primary driver of that spike.
What Rs55 Less Per Litre Means for Pakistani Families
For a motorcycle rider (10-litre tank): Save Rs550 per fill. Vs. April’s peak — save Rs1,400 per fill.
For a car owner (35-litre tank): Save Rs1,925 per fill. Vs. April’s peak — save Rs4,914 per fill.
For transport companies running diesel trucks: Lower diesel means lower freight costs. Lower freight costs eventually mean cheaper groceries, vegetables, and daily essentials at your local market.
Will the Full Rs55 Petrol Price Cut Be Passed On?
The government faces a choice: pass the full Rs55 to consumers, or absorb part of it through the petroleum levy. The petroleum levy target in Budget 2026–27 is Rs1.727 trillion. If the government holds back Rs10–15 for the levy, consumers would still receive a Rs40+ cut — still the largest single reduction in Pakistan’s fuel price history.
According to Mashriq TV’s petroleum price tracker, the revision notification will be issued by OGRA tonight. 24PakTimes covered the previous petrol revision on June 13 — tonight’s announcement will dwarf every previous cut combined.
What Happens Next
The PM confirmed the petrol price in Pakistan today will be officially announced tonight. The PSX rally this week has already priced in falling oil costs — tonight’s petrol price is the confirmation that the relief is real and reaching ordinary Pakistanis.
24PakTimes will publish the exact new petrol and diesel rates the moment the official notification is issued.
FAQ — Petrol Price Pakistan Today June 19
What is the petrol price in Pakistan today on June 19, 2026?
The current petrol price as of June 13 is Rs373.78 per litre. PM Shehbaz Sharif has confirmed a “significant” reduction will be announced today, June 19, with working papers suggesting a cut of up to Rs55 per litre — which would bring the rate down to approximately Rs318.
Why is Pakistan cutting petrol prices so significantly?
International oil prices have fallen sharply after the US-Iran peace deal was signed on June 17, 2026. Oil is now trading below $80 per barrel, down from above $120 during the Iran war peak. The government is passing this saving directly to consumers.
What was the highest petrol price ever in Pakistan?
The highest petrol price in Pakistan’s history was Rs458.40 per litre, recorded on April 3, 2026, during the peak of the Iran-US conflict. If today’s cut brings petrol to Rs318, the total reduction from peak will be Rs140 per litre.
When will the new petrol price be officially announced?
The OGRA notification is expected to be issued tonight, June 19, 2026. The new rates will be effective from midnight. 24PakTimes will publish the confirmed figures immediately upon the official announcement.
