The latest petrol diesel price cut brings further relief to consumers as the government reduces fuel rates for the second consecutive week

Pakistani consumers are getting another break at the pump. The federal government has announced a fresh reduction in fuel prices, cutting petrol by Rs. 6 per litre and high-speed diesel by Rs. 6.80 per litre. The new petrol diesel price cut takes effect immediately on Saturday, May 23, 2026. Moreover, this marks the second consecutive weekly reduction, signalling a sustained downward trend in fuel costs.

Following the latest revision, petrol now costs Rs. 403.78 per litre. High-speed diesel drops to Rs. 402.78 per litre. Furthermore, last week’s reduction had already brought petrol down to Rs. 409.78 and diesel to Rs. 409.58 per litre. Therefore, consumers have seen a combined reduction of around Rs. 11 per litre on petrol and nearly Rs. 12 per litre on diesel over just two weeks.

The recent cuts follow a period of sharp price increases that had pushed petrol to Rs. 414.78 per litre and high-speed diesel to Rs. 414.58 per litre. Those hikes placed significant pressure on households and businesses alike. However, the government has now moved quickly to reverse that burden as international oil prices ease. The Petroleum Division subsequently issued an official notification confirming the new rates.

For ordinary Pakistanis, fuel prices directly affect transport costs, food prices, and the broader cost of living. Therefore, even modest reductions carry real economic weight for millions of households. Still, at over Rs. 400 per litre, petrol remains significantly more expensive than it was just two years ago. Finally, whether these weekly cuts continue will depend heavily on how global oil markets — and the ongoing Middle East situation — develop in the days ahead.