New Petrol Price in Pakistan from May 16, 2026

ISLAMABAD – Relief for inflation-hit Pakistanis as government announced Rs5 per litre cut in petrol and diesel prices amid ongoing fuel volatility. Finance Division announced notified new petrol and diesel prices effective from May 16, 2026. According to the official notification, petrol has now been fixed at Rs409.78 per litre, while high-speed diesel (HSD) will cost Rs409.58 per litre. New Petrol Price in Pakistan. The latest reduction comes just days after a sharp increase, when petrol and diesel prices were raised by nearly Rs15 per litre each last week, adding to continued uncertainty for consumers already struggling with frequent price swings. Fuel Old Price New Price Change Petrol Rs 414.78 Rs 409.78 -Rs 5 Diesel Rs 414.58 Rs 409.58 -Rs 5 Fuel prices in Pakistan have been on a turbulent path since March, with petroleum products witnessing five separate increases during this period. At the same time, the government has also reduced prices on three occasions, reflecting an ongoing cycle of sharp adjustments driven by global and domestic pressures. Before the first major hike in March, petrol was available at Rs255 per litre, highlighting the scale of the cumulative increase over recent months. According to Reuters, global oil markets also showed renewed volatility, with crude prices rising by more than 3% in a single day. Brent crude reportedly surged past the $109 per barrel mark, further intensifying pressure on energy-importing countries like Pakistan. The frequent ups and downs in local fuel prices continue to reflect the instability in international oil markets, leaving consumers facing repeated shocks at the pump as authorities adjust rates in response to global trends. Global Petrol Prices Global energy markets are witnessing a sharp and alarming upswing as geopolitical tensions in the Middle East continue to escalate, with particular strain linked to disruptions around the Strait of Hormuz — one of the world’s most critical oil shipping routes. Cru