New Petrol Price in Pakistan from May 9, 2026

Petrol prices in Pakistan have been revised upward, with new rate set at Rs414.78 per litre after an increase of Rs14.92 from May 9, 2026. The adjustment comes amid ongoing weekly fuel price changes driven by global oil market instability and rising import costs, further adding pressure on consumers already facing inflation. Petrol Price Update Pakistanis are once again bracing for a fresh wave of fuel inflation as the government has increased petrol prices by Rs14.92 per litre and high-speed diesel by Rs15 per litre in the latest weekly revision. After the increase, petrol now stands at a staggering Rs414.78 per litre, while diesel has climbed to Rs414.58 per litre, effective from May 9. Fuel prices have been on a rollercoaster ride for months, with weekly revisions triggered by global instability. The ongoing geopolitical tensions involving the US, Israel, and Iran have disrupted international oil supply routes, especially through the Strait of Hormuz, a critical passage handling nearly one-fifth of global oil trade. The ripple effect has kept fuel markets volatile, forcing repeated price adjustments in Pakistan. Since early March, Pakistan has witnessed dramatic fuel price swings. An initial surge of Rs55 per litre in March was followed by further aggressive hikes and austerity measures announced by the government. Although some temporary relief was later provided through tax cuts and petroleum levy adjustments, the respite was short-lived. In April alone, fuel prices saw historic movements, including massive percentage increases and then sudden reductions after policy reversals. Just last week, petrol rose again by Rs6.51 per litre, and diesel by Rs19.39, before this latest jump. Taxes on Petrol Price What makes the situation even more striking is the heavy tax burden built into fuel prices. Consumers are now paying over Rs150 per litre in taxes alone on petrol. Breakdown Component Amount (Rs per litre) Petroleum levy ~103.50 Customs duty 23.72 Climate levy 2.50