Petrol and diesel prices rise in Pakistan: Diesel prices rise by 55% and petrol by 42%

April 3, 2026

New Delhi: Pakistan announced a significant increase in petrol and diesel prices on Thursday. Diesel prices rose by approximately 54.9% to 520.35 Pakistani rupees per liter, while petrol prices rose by 42.7% to 458.40 rupees per liter. The new rates will come into effect from Friday.

Impact of the Middle East Crisis
Petroleum Minister Ali Pervaiz Malik stated that the increase was necessary due to the sharp rise in crude oil prices in the international market. He explained that the US-Iran tensions have increased instability in the oil market, causing prices to spiral out of control.

Fear of inflation rise
This is the second major increase in less than a month. Last month, Pakistan also raised prices by approximately 20%. This decision is expected to further increase inflation, further increasing the economic pressure on ordinary people.

Government Relief Measures
Finance Minister Muhammad Aurangzeb stated that the government is taking steps to provide relief to vulnerable groups. Two-wheeler drivers will receive a subsidy of Rs 100 per liter (up to 20 liters per month) for three months. Additionally, small farmers will receive a one-time assistance of Rs 1,500 per acre.

Dependence on Oil Imports
Pakistan relies primarily on imports from Saudi Arabia and the UAE for its oil needs, which come through the Strait of Hormuz. According to the government, continued subsidies are no longer feasible, as resources are limited and the global crisis continues.

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