The government on Tuesday raised the price of petrol by Rs1.12 per litre and that of high-speed diesel (HSD) by Rs1.11 per litre. Following the revision, petrol will retail at Rs343.10 per litre while HSD will cost Rs371.80 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. According to a Petroleum Division notification, the new prices will be applicable on Aug 26 and 27. The price of HSD has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28. The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March. Earlier, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US. The government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East. The federal government in April also announced targeted relief measures to provide subsidised fuel. The petroleum minister stated that the cabinet and the prime minister had decided to give the Oil and Gas Regulatory Authority (Ogra) the responsibility of deciding fuel prices on a daily basis based on international market trends. Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes. Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators. Petrol and high-speed diesel (HSD) are the major revenue earners, with monthly sales of about 700,000 to 800,000 tonnes, compared to just 10,000 tonnes of monthly demand for kerosene.

The government on Thursday raised the price of petrol by Rs0.27 per litre and that of high-speed diesel (HSD) by Rs1.64. Following the revision, petrol will retail at Rs337.78 per litre while HSD will cost Rs364.70 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. According to the Petroleum Division’s notification, the new prices will be applicable for August 21 (Friday). The price of HSD has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28. The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March. Earlier, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US. The government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East. The federal government in April also announced targeted relief measures to provide subsidised fuel. The petroleum minister stated that the cabinet and the prime minister had decided to give the Oil and Gas Regulatory Authority (Ogra) the responsibility of deciding fuel prices on a daily basis based on international market trends. Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes. Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators. Petrol and high-speed diesel (HSD) are the major revenue earners, with monthly sales of about 700,000 to 800,000 tonnes, compared to just 10,000 tonnes of monthly demand for kerosene.

The government on Thursday raised the price of petrol by Rs0.45 per litre and that of high-speed diesel (HSD) by Rs1.16. Following the revision, petrol will retail at Rs325.43 per litre while HSD will cost Rs383.95 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. According to the Petroleum Division’s notification, the new prices will be applicable for August 14 (Friday). The price of HSD has come down from a peak of Rs520.35 recorded on April 3. Its price had started rising from Rs281 per litre after the US-Iran war broke out on February 28. The petrol price had peaked at Rs458.41 on April 3 after beginning its upward trajectory from Rs266 in the first week of March. Earlier, Petroleum Minister Ali Pervaiz Malik announced that fuel prices would now be fixed on a daily basis due to fluctuations in international market prices following renewed hostilities between Iran and the US. The government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East. The federal government in April also announced targeted relief measures to provide subsidised fuel. The petroleum minister stated that the cabinet and the prime minister had decided to give the Oil and Gas Regulatory Authority (Ogra) the responsibility of deciding fuel prices on a daily basis based on international market trends. The daily pricing decision was rejected by the All Pakistan Dealers Association, which said it would consider a protest plan. Petrol is mainly used in private transport, small vehicles, rickshaws and two-wheelers, and changes in its price affect the middle and lower-middle classes. Similarly, changes in diesel prices also impact the public at large, as it is mainly used in the heavy transport sector, power plants and large generators. Petrol and high-speed diesel (HSD) are the major revenue earners, with monthly sales of about 700,000 to 800,000 tonnes, compared to just 10,000 tonnes of monthly demand for kerosene.

Massive blow for Pakistanis as the government sharply increased fuel prices in response to soaring global oil costs. Petrol has jumped to Rs458 per litre from Rs321.17, a staggering Rs137 increase, while diesel has surged from Rs335.86 to Rs520 per litre, a massive Rs184.49 rise. New Petrol Price Product New Price Petrol 458.40 Diesel 520.35 […] The post Petrol price hits Rs458 in Pakistan amid Global Oil Surge appeared first on Daily Pakistan English News.

• Petrol raised by Rs137 to Rs458 per litre; diesel up by Rs184 to Rs520 • Petroleum levy raised on petrol, cut to zero on HSD • Kerosene price increased by Rs34 to Rs458 per litre • Rs100 per litre subsidy for bikers capped at 20 litres per month • Small farmers to receive Rs1,500 per acre support • Early market closures planned to save 1,200MW of electricity ISLAMABAD: The government on Thursday announced an unprecedented increase of 43 per cent and 55pc in the prices of petrol and high-speed diesel (HSD), respectively, along with early market closures and targeted subsidies for bikers, farmers and transporters to cushion the impact of global oil price shocks amid the US-Israel war on Iran. Under the revised rates, the ex-depot price of petrol has been increased by Rs137.23 per litre (42.7pc) to Rs458.41 from Rs321.17, while HSD has been raised by Rs184.49 per litre (55pc) to Rs520.35 from Rs335.86, with immediate effect. The price of kerosene was also increased by Rs34.08 per litre to Rs457.80. Petroleum levy rates were adjusted to limit the increase in diesel prices and its impact on transportation and freight costs. The levy on petrol was increased to Rs160 per litre from Rs105, while it was reduced to zero on diesel from Rs55, sources told _Dawn_. Speaking late at night in a national broadcast along with the finance minister, Petroleum Minister Ali Pervaiz Malik said the “difficult and responsible” decisions were taken after a national-level consultation involving the president, prime minister, military leadership and provincial chief ministers. He said the objective was to restrict subsidies to the most deserving segments while maintaining fiscal discipline and preserving economic stability achieved over the past two years under international commitments, a reference to the IMF programme. The government also announced targeted relief measures, including a subsidy of Rs100 per litre for two-wheeler users, capped at 20 litres per month for three months. Small farmers will receive a one-time subsidy of Rs1,500 per acre as immediate support during the harvest season. For diesel-dependent inter-city and goods transport, a subsidy of Rs100 per litre would be provided; its price will also be reviewed every month. In addition, trucks carrying 80-85pc of food items would receive direct support of Rs70,000 per month. Large transport vehicles would be given Rs80,000 per month, while inter-city public service vehicles would receive Rs100,000 per month to help keep fares stable. The federal government would also extend subsidies to Pakistan Railways to ensure affordable passenger and freight services, the minister said, adding that all relief measures would be reviewed monthly in light of evolving global conditions. As part of energy conservation efforts, the government also decided to enforce early market closures to save around 1,200MW of peak electricity demand. In consultations with the provinces, the government would separately announce the timings for reduced business hours as part of conservation and demand management. Finance Minister Muhammad Aurangzeb said the decisions were taken with consensus among the national leadership to address energy and food security challenges, noting that other countries were facing more severe pressures. He highlighted that fertiliser prices in Pakistan remained around Rs4,000 per bag compared to international levels of about Rs15,000. The petroleum minister said the government had initially attempted to provide blanket subsidies but global energy markets had become highly volatile and unpredictable, requiring a shift towards targeted support and national discipline. He added that Pakistan had managed to secure energy supply lines despite a sharp increase of 80-90pc in crude oil prices in Oman and Dubai benchmarks, while diesel prices touched a record high of around $250 per barrel on Thursday. He noted that several countries with stronger financial resources had faced fuel shortages and law and order issues due to panic buying, forcing authorities to deploy security forces. The minister said the decision to end blanket subsidies and focus on targeted relief was taken jointly by civil and military leadership to ensure the country stayed within its fiscal limits and avoided slipping back into a financial crisis. **Aurangzeb meets US envoy** Earlier on Thursday, the government decided to seek flexibility in its International Monetary Fund (IMF) programme to create fiscal space for evolving regional and global challenges amid the US-Israel war on Iran. The development was announced by the Ministry of Finance after a meeting between Finance Minister Aurangzeb and US Chargé d’Affaires in Islamabad Natalie Baker ahead of the upcoming spring meetings of the IMF and the World Bank later this month. > In a statement, the finance ministry said both sides discussed Pakistan’s ongoing engagement with international financial institutions and development partners, including efforts to maintain reform momentum under the IMF programme. “The finance minister reiterated Pakistan’s commitment to fiscal discipline while seeking flexibility in light of evolving global and regional challenges,” the statement said. The minister briefed the US diplomat on ongoing efforts to manage energy sector challenges, including procurement, pricing mechanisms and targeted subsidies. The Ministry of Finance said discussions also covered developments in the energy sector and the broader economic outlook, with emphasis on maintaining stability while protecting vulnerable segments of society. The minister highlighted the impact of rising global oil prices on Pakistan’s import bill, inflation outlook and overall macroeconomic stability. Ms Baker reaffirmed US support for Pakistan’s economic reform agenda and appreciated the government’s efforts to stabilise the economy under challenging circumstances. _Published in Dawn, April 3rd, 2026_

Petroleum Minister Ali Pervaiz Malik announced on Thursday that the price of petrol was being raised to Rs458.4 per litre and that of high speed diesel to Rs520.35 per litre. He made the announcement while addressing a press conference alongside Finance Minister Muhammad Aurangzeb. At the outset of the press briefing, Malik expressed gratitude to President Asif Ali Zardari, chief ministers of all provinces and the leadership of the ruling party’s allies for their guidance at this “critical time”. He said energy prices had skyrocketed in the international market due to the ongoing Middle East war. “It has not just engulfed the entire region but the entire world as well,” he added. The minister stressed the need for discipline and unity at this time, expressing the hope that the “difficult and responsible” decisions that the government had taken today would be seen in the context of the situation in the Middle East. * * * _More to follow_

ISLAMABAD: The federal government announced a massive increase in petroleum prices, surging petrol price in Pakistan per litre to Rs458 while diesel per litre price in Pakistan to Rs520 due to tensions in the Middle East. Transport operators across the country will now push fares higher for commuters. Buses, taxis, and ride-hailing services are likely to pass the increased fuel costs onto passengers, putting additional strain on everyday travelers. Over the past month, petrol prices have already jumped by Rs63 per litre, reaching Rs321.17 from Rs258.17, while diesel climbed by Rs60.16 to Rs335.86 per litre. Analysts say that if the government proceeds with the new adjustments, this could mark one of the largest monthly increases in Pakistan’s recent history. The ripple effect of rising fuel costs is expected to hit not only commuters but also businesses, as transportation and logistics expenses rise. Consumers are advised to prepare for higher fares and increased prices on goods and services in the coming weeks. The post Govt raises petrol to Rs458 and diesel to Rs520 per litre in Pakistan appeared first on HUM News English.

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ISLAMABAD – Pakistan drops Petrol Bomb on Citizens as prices jumped to Rs458 for Petrol, Rs520 for Diesel for April…