Prime Minister Shehbaz Sharif announced a Rs32.12‑per‑litre reduction in diesel, bringing the price to Rs353.43 per litre, while petrol stays unchanged. [2][3]
The move matters because fuel costs affect transportation, food prices, and overall inflation in a country where many households spend a large share of income on energy. By easing diesel expenses, the government hopes to cushion consumers and small businesses from rising living costs. [1]
The new diesel price of Rs353.43 per litre reflects a cut of Rs32.12 from the previous Rs385.54 rate. Petrol prices, in contrast, were left unchanged at the current level, according to the Energy Ministry’s latest tariff notice. [3][1]
Officials linked the cut to a recent 12‑13% decline in world crude prices after the U.S.-Iran ceasefire and the reopening of the Strait of Hormuz, which restored a smoother flow of oil shipments. Those global shifts have lowered import costs for Pakistan, allowing the ministry to pass savings onto consumers. [1]
Economists note that diesel is the primary fuel for trucks, generators, and public transport, so the price drop could reduce logistics costs and help lower food and goods prices in markets across the country. Lower diesel expenses may also ease pressure on the country’s balance of payments, which has been strained by a widening current‑account deficit. [1]
Shehbaz Sharif said the reduction “passes on the benefit of falling global oil prices” to ordinary Pakistanis and signals the government’s commitment to stabilising the cost of living. Shehbaz Sharif said the administration will continue to monitor international markets and adjust fuel tariffs as needed to protect consumers. [1]
“Diesel now costs Rs353.43 per litre.”
The diesel price cut gives immediate relief to commuters, transport operators and businesses that rely on fuel, while keeping petrol steady helps avoid a ripple effect on vehicle owners. In the longer term, the reduction reflects Pakistan’s ability to benefit from lower global oil prices, but the government will need to balance fiscal pressures with consumer protection as oil markets remain volatile.
