Latest Fuel Prices in Pakistan: Petrol & Diesel Rates Effective May 1, 2026

Latest Petrol and Diesel Prices in Pakistan: May 1, 2026 Update

The Government of Pakistan has announced a significant hike in petroleum prices, effective from May 1, 2026. As global oil market volatility continues and regional tensions persist, the Finance Ministry has issued a new notification adjusting the rates for the first half of May.

Below is the breakdown of the latest fuel prices in Pakistan and how they impact your pocket.

Current Fuel Prices in Pakistan (Effective May 1, 2026)

The latest price revision shows a sharp upward trend, particularly for High-Speed Diesel (HSD). Here are the official rates:

Fuel Type	Old Price (Rs.)	New Price (Rs.)	Increase (Rs.)
Petrol (Motor Spirit)	Rs. 393.35	Rs. 399.86	+ Rs. 6.51
High-Speed Diesel (HSD)	Rs. 380.19	Rs. 399.58	+ Rs. 19.39
Kerosene Oil	Rs. 365.21	Rs. 365.21	No Change
Light Diesel Oil (LDO)	Rs. 270.51	Rs. 270.51	No Change

Why are Petrol Prices Increasing in Pakistan?

Several factors have contributed to this recent surge in POL (Petrol, Oil, and Lubricants) prices:

1. Global Brent Crude Volatility: International oil prices have remained unstable, with Brent surging past $110 per barrel due to supply concerns.

2. Middle East Tensions: Geopolitical instability has tightened global supply flows, directly impacting import costs for Pakistan.

3. Petroleum Levy (PL): To meet fiscal targets and international agreements, the government has maintained a high petroleum levy, which currently sits above Rs. 100 per litre for petrol.

4. Import & Freight Costs: Rising shipping and insurance costs for oil tankers have added to the landing cost of refined products.

Economic Impact on Consumers

This hike is expected to have a ripple effect across various sectors:

· Transportation: Freight charges and public transport fares are likely to increase, especially following the nearly Rs. 20 jump in Diesel prices.

· Inflation: Higher fuel costs typically lead to a rise in the prices of essential commodities and food items due to increased supply chain expenses.

· Industrial Output: Small and medium enterprises (SMEs) relying on diesel generators for backup power will see a rise in operational costs.

Supply Update: Are Petrol Pumps Open?

The Petroleum Division and the Oil Companies Advisory Council (OCAC) have formally dismissed rumors regarding a nationwide strike or fuel shortage.

· Status: All petrol pumps across the country remain open.

· Stock: Officials have confirmed that Pakistan currently holds 28 days of petrol stock and 34 days of diesel stock, ensuring an uninterrupted supply for the public.

Conclusion

With petrol nearing the Rs. 400 per litre mark, consumers are advised to plan their commutes and budgets accordingly. The next price review by the Oil and Gas Regulatory Authority (OGRA) is scheduled for May 15, 2026.

Stay tuned for the latest updates on fuel prices and economic news in Pakistan.

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