The federal government has announced a Rs22 per litre reduction in the prices of both petrol and diesel, effective from May 30, 2026.
According to Daily Pakistan’s petrol price update, after the latest adjustment, the petrol price in Pakistan has been reduced from Rs403.78 to Rs381.78 per litre. Similarly, diesel has dropped from Rs402.78 to Rs380.78 per litre, reflecting an equal cut for both major fuel categories.
According to ARY News, on the third day of Eid, the federal government announced a cut in fuel prices, providing relief to consumers amid ongoing inflationary pressures. The Express Tribune described the reduction as an “Eid ul Azha gift” for the public.
New Petrol and Diesel Prices: Complete Breakdown
| Fuel Type | Old Price (per litre) | Cut | New Price (per litre) |
|---|---|---|---|
| Petrol (Motor Spirit) | Rs403.78 | ▼ Rs22 | Rs381.78 |
| High Speed Diesel | Rs402.78 | ▼ Rs22 | Rs380.78 |
| Kerosene | Rs313.44 | ▼ Rs41.44 | Rs272.00 |
According to Express Tribune’s fuel price report, a notification issued by the Ministry of Energy’s Petroleum Division confirmed high speed diesel has been reduced by Rs22 per litre, while motor spirit (petrol) has also been cut by the same amount for the coming week.
According to Dawn, meanwhile, the Oil and Gas Regulatory Authority issued a notification stating that the price of kerosene was being reduced from Rs313.44 to Rs272. This Rs41 kerosene cut is the largest among all fuel categories.
Why Did the Government Cut Fuel Prices?
According to Express Tribune, oil prices fell again on Friday on investor optimism that the United States and Iran would reach a deal to extend their ceasefire.
According to Brecorder’s fuel prices report, internationally, oil futures fell 2% on Friday and were on track for their steepest weekly decline since early April. Brent crude futures were down at $91.82 a barrel.
According to Dawn, last week the government had already cut the prices of petrol and diesel by Rs6 to Rs7 per litre each. Combined with this week’s cut, Pakistanis are now paying roughly Rs28 to Rs29 less per litre than they were two weeks ago.
According to Pakistan Today’s fuel price coverage, officials further said that during the recent global oil price surge — despite rising international rates since March — the government avoided passing the full impact on domestic consumers by providing subsidies exceeding Rs130 per litre over time, thereby maintaining price stability.
What PM Shehbaz Sharif Said
According to Dawn, the latest reduction was announced in a statement issued by the Prime Minister’s Office (PMO), which said PM Shehbaz had promised to pass on “the relief to the people as soon as some space was created for it.”
“That promise has been fulfilled,” it added.
According to ARY News, the Prime Minister stated that providing relief to the public remains his top priority, adding that the decision to reduce the petrol price in Pakistan was taken as soon as fiscal space became available.
According to Express Tribune, at a time when several countries in the region faced fuel shortages and long queues at petrol stations, Pakistan managed to ensure uninterrupted availability of petroleum products through timely policy interventions.
What This Means for Pakistanis
The petrol price in Pakistan directly affects every household budget.
According to Dawn, petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers and has a direct bearing on the budget of the middle and lower middle class.
Here is what the Rs22 cut means in practical terms:
- Motorcycle riders (10-litre tank): Save approximately Rs220 per fill
- Small car owners (35-litre tank): Save approximately Rs770 per fill
- Rickshaw drivers: Lower daily fuel costs, potentially reducing fares for commuters
- Transport companies: Diesel cut means lower freight costs, which should eventually reduce grocery and essential goods prices
For families in Karachi, Lahore, Islamabad, Peshawar and smaller cities, this Eid relief comes at the right time — as post-Eid travel and back-to-work commuting costs will be significantly lower starting Saturday.
The Bigger Picture: Iran War and Oil Prices
According to Dawn, the government has been revising petroleum prices every week on Friday night following the now-paused US-Israeli war on Iran, which began on February 28.
The global oil crisis triggered by the Strait of Hormuz disruption pushed the petrol price in Pakistan to over Rs400 per litre in recent weeks. But as US-Iran ceasefire talks progress and oil markets stabilize, the government has found room to pass on relief.
According to Daily Pakistan, the decision comes amid changing global oil prices and efforts to pass on the benefit of reduced international crude rates to the public.
If the US Iran 60-day ceasefire MoU is signed this weekend, further fuel price reductions could follow in the coming weeks as Brent crude drops below $90 per barrel.
What Happens Next
The new petrol price in Pakistan is effective from midnight May 30, 2026 and will remain in effect for the coming week. The government will announce the next revision on Friday, June 6.
Watch for the Budget 2026-27 announcement on June 5, which could include additional fuel subsidies or tax adjustments that affect petrol and diesel pricing going forward.
24PakTimes will update this article if any further fuel price changes are announced during the week.
Frequently Asked Questions
What is the new petrol price in Pakistan from May 30 2026?
The new petrol price in Pakistan from May 30, 2026 is Rs381.78 per litre — reduced by Rs22 from the previous rate of Rs403.78. High speed diesel is now Rs380.78, down from Rs402.78.
Why did Pakistan cut petrol prices by Rs22?
The Rs22 cut was driven by falling international oil prices — Brent crude dropped to $91.82 per barrel — as traders bet on a US-Iran ceasefire deal that would reopen the Strait of Hormuz. The government passed on the saving directly to consumers as Eid ul Azha relief.
What happened to kerosene prices?
Kerosene received the largest cut of all fuel categories — reduced by Rs41.44 from Rs313.44 to Rs272 per litre, as announced by the Oil and Gas Regulatory Authority.
When will the next petrol price be announced?
The next petrol price revision will be announced on Friday, June 6, 2026, following the government’s weekly fuel price review mechanism.
