The government of Pakistan has raised the price of petrol by Rs6.51 per litre and high-speed diesel by Rs19.39, effective May 1, 2026. This increase comes amidst ongoing economic negotiations with the International Monetary Fund (IMF).
The new price of petrol now stands at Rs399.86 per litre, while high-speed diesel is priced at Rs399.58 per litre. Petrol primarily fuels private transport, small vehicles, rickshaws, and two-wheelers. In contrast, high-speed diesel is mainly used in the heavy transport sector and for large generators.
This price hike followed a virtual meeting between the IMF and representatives from Pakistan. Reports suggested that some petrol stations might close due to fuel shortages. However, the Petroleum Division refuted these claims.
Key statements:
- The Petroleum Division stated: “There is no truth to reports of the closure of petrol pumps from May 1.”
- Noman Ali Butt, vice chairperson of the All Pakistan Petrol Pump Owners Association (APPPOA), added: “People should not pay heed to rumours. The petrol stations are open.”
- Officials have set a petroleum levy target of Rs1.468 trillion as part of the agreement with the IMF.
The increase in fuel prices will likely impact various sectors within the Pakistan economy. Transportation costs may rise, affecting goods and services across the board. As negotiations with the IMF continue, further adjustments in petroleum products cannot be ruled out.