Prime Minister Shehbaz Sharif has announced a significant reduction in fuel prices, lowering high-speed diesel (HSD) by Rs135 per litre and petrol by Rs12 per litre, in what he described as a moment of economic relief for the public.
Read More: Petrol will now cost Rs 458 per litre, diesel Rs 520
In a televised address to the nation, the prime minister said that from midnight, HSD would be available at Rs385 per litre and petrol at Rs366 per litre. He added that kerosene oil prices would also be reduced by Rs17.33 per litre to Rs450.15, while light diesel oil would decrease by Rs25.31 per litre to Rs369.72.
The updated rates were later confirmed by Deputy Prime Minister and Foreign Minister Ishaq Dar, who shared the official notification on social media.
PM Shehbaz described the announcement as being made at a “historic moment,” noting that global conditions were shifting toward peace in the Gulf region following recent tensions linked to the Middle East situation. He said efforts led by Pakistan had contributed to encouraging dialogue between the United States and Iran, resulting in a temporary ceasefire arrangement.
وزیراعظم محمد شہباز شریف کا قوم سے خطاب
وزیراعظم نے عوامی ریلیف کے لیے پٹرول کی قیمت میں 12 روپے اور ڈیزل کی قیمت میں 135 روپے فی لیٹر کمی کا اعلان کرتے ہوئے کہا ہے کہ پٹرول اب 378 روپے سے کم ہو کر 366 روپے اور ڈیزل 520 روپے سے کم ہو کر 385 روپے پر دستیاب ہوگا۔ موٹر سائیکل، پبلک… pic.twitter.com/4n6I92Js0K
— Government of Pakistan (@GovtofPakistan) April 11, 2026
The prime minister credited Pakistan’s leadership, including senior civil and military figures, for facilitating diplomatic engagement and supporting de-escalation efforts. He emphasized that hosting and encouraging dialogue reflected Pakistan’s constructive role in regional stability.
Shehbaz Sharif also highlighted the economic pressure caused by global oil price fluctuations and said the government had previously absorbed financial shocks to protect consumers. He stated that although some advisers recommended partial relief retention to manage fiscal pressure, he rejected the proposal in favor of passing the full benefit to the public.
He further linked the decision to the ongoing wheat harvesting season, saying reduced fuel costs would help farmers and prevent increases in food prices.
Read More: Petrol prices may drop sharply in Pakistan
The announcement follows a series of fuel price adjustments in recent weeks, driven by global oil market volatility and regional conflict-related disruptions. The government has repeatedly adjusted prices while balancing inflationary pressures and public relief measures.