Diesel Price Reduced By Rs 134 Per Liter
The government has reduced the price of high speed diesel up to Rs 134 per liter following a reduction in global oil prices amid the Iran-US ceasefire.
Pakistan slashed petroleum prices in a dramatic move Friday, with high-speed diesel cut by over Rs134.8 per liter and the petrol price by Rs11.8, as easing global oil pressures linked to a fragile Middle East ceasefire begin to filter into domestic fuel markets.
The Ministry of Energy (Petroleum Division) said the new prices will take effect from April 11, lowering high-speed diesel (HSD) to Rs385.54 per liter from Rs520.35, while petrol (motor spirit) was reduced to Rs366.58 from Rs378.41.
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The steep reduction in diesel — a key fuel for transport and agriculture — is expected to provide immediate relief to inflation-hit consumers and businesses, potentially easing food prices and logistics costs across the country.
The price cut comes amid a volatile but temporarily calmer global oil market following a ceasefire in the Middle East. A two-week truce between Iran and the United States, mediated with Pakistan’s involvement, has raised cautious hopes of stabilizing energy supply routes, particularly through the Strait of Hormuz, a critical artery for global trade.
However, the ceasefire remains fragile. Israeli military operations in Lebanon and Gaza continue to strain the agreement, with officials in Tel Aviv insisting some fronts are not covered by the truce, raising fears of renewed escalation.
Meanwhile, attacks and casualties persist in Gaza despite a separate ceasefire that took effect in October 2025, underscoring the region’s continued instability.
Analysts say Pakistan’s fuel price cut reflects both international oil market adjustments and government efforts to pass on relief quickly amid economic pressures.
The government did not specify how long the revised prices will remain in place, as global energy markets continue to react to rapidly shifting geopolitical developments in the Middle East.
According to the notification issued by the government, the government is charging a petroleum levy of Rs. 80.61 per liter for retail sales of petrol and Rs. 89.25 per liter for direct sales, while HOBC attracts significantly higher rates exceeding Rs. 305.37 per liter.
The government is not charging a petroleum levy on high-speed diesel. It is also charging Rs 20.36 per liter levy on kerosene oil, Rs 15.84 per liter on light diesel oil, and Rs 77 per liter on furnace oil.
The consumers are also paying Rs 2.50 per liter climate support levy each on high-speed diesel, petrol, kerosene oil, and furnace oil.
The levies will come into effect from April 11, 2026, until further notice, reflecting the government’s continued adjustments in fuel taxation and climate-related fiscal measures.