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.

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Key statistics:

• The previous petrol price was Rs366.58 per litre.
• The old price of high-speed diesel was Rs353.42 per litre.
• The government increased fuel prices again by Rs26.77 per litre on April 25, 2026.
• Pakistan’s oil import bill surged from $300 million to $800 million due to the conflict.
• The State Bank of Pakistan raised its key policy rate to 11.5 percent.

Fuel prices directly impact inflation and the cost of living in Pakistan. The country relies heavily on imported energy, making it vulnerable to global fuel price fluctuations. Aslam Ghauri criticized the government’s policies, stating, “The government’s flawed policies have imposed an economic war on the people.” Kaiser Bengali noted the dire situation, saying, “We are in a state of absolute dependency, where even a $1bn tranche can make the difference between survival and collapse.”

The recent increases come amid ongoing negotiations with the International Monetary Fund (IMF). The government seeks financial support to stabilize its economy, which faces significant challenges due to rising transport costs and inflation.

As Pakistan navigates this economic crisis, officials have not provided a clear timeline for potential relief measures or adjustments in fuel pricing. The situation remains fluid as both domestic and international factors continue to influence the country’s economic landscape.

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