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Pakistan has reduced petrol and high-speed diesel prices by Rs. 1.97 per litre, bringing slight relief for motorists, transporters and businesses facing high fuel costs.
According to the latest fuel price update effective July 4, 2026, petrol now stands at Rs. 297.53 per litre, down from Rs. 299.50 per litre.
High-speed diesel has also been reduced by Rs. 1.97 per litre, bringing its new price to Rs. 309.50 per litre from the previous rate of Rs. 311.47 per litre.
The cut comes as part of the latest petroleum price revision. Petrol is widely used by motorcycles, cars and small vehicles, while high-speed diesel is mainly used in buses, trucks, tractors and goods transport vehicles.
| Product | Old Price | New Price | Reduction |
|---|---|---|---|
| Petrol | Rs. 299.50 | Rs. 297.53 | Rs. 1.97 |
| High-Speed Diesel | Rs. 311.47 | Rs. 309.50 | Rs. 1.97 |
The reduction is expected to provide limited relief to daily commuters and transport operators. However, fuel prices remain high compared with previous years, keeping pressure on household budgets and business costs.
Diesel prices are especially important for the economy because they directly affect the cost of transporting goods across the country. Any change in diesel rates can influence freight charges, food prices and overall market expenses.
Petroleum prices in Pakistan are usually reviewed regularly, with changes linked to international oil prices, exchange rate movements, taxes and other government adjustments.
Read More
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