ISLAMABAD: The federal government has increased the prices of petrol and high-speed diesel (HSD), with the revised rates taking effect from May 1, 2026, according to a notification issued by the Petroleum Division.
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Under the latest revision, petrol prices have been raised by Rs6.51 per litre, taking the new rate from Rs393.35 to Rs399.86 per litre. High-speed diesel has witnessed a sharper increase of Rs19.39 per litre, bringing its new price to Rs399.58 per litre.
The government also made adjustments to the petroleum levy structure. The levy on petrol was reduced by Rs3.88 per litre, bringing it down to Rs103.50 per litre. Meanwhile, a new levy of Rs28.69 per litre has been imposed on high-speed diesel, which previously carried no such levy.
Officials said the price revisions were linked to recent fluctuations in international oil markets, where crude prices have remained volatile due to geopolitical uncertainty in the Middle East and disruptions to global energy supply routes.
Pakistan has shifted to a weekly petroleum pricing review mechanism in recent months amid heightened volatility in global oil prices. In the previous review, the government had already raised petrol and diesel prices by Rs26.77 per litre each.
International benchmark Brent crude surged to a four-year high earlier this week, briefly crossing $126 per barrel amid concerns over possible renewed instability in the Middle East, before retreating later in trading to around $110 per barrel.
The continued rise in fuel prices is expected to increase transportation and logistics costs, potentially adding further pressure on inflation and household budgets.
Analysts say domestic fuel prices remain highly sensitive to international oil trends as well as exchange rate movements, making future price revisions dependent on global market stability.
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The latest hike comes as consumers and businesses continue to monitor the economic impact of rising energy costs across multiple sectors.