Pakistan Fuel Rate Cut: Shahbaz Sharif’s government in Pakistan has again given relief to the people of its country. The government has again announced a reduction in petrol prices by Rs 4 per liter. According to the notification issued by the Petroleum Division of the Energy Ministry of Pakistan, the new rates have been implemented in the entire country from June 6, 2026.

New price of petrol in Pakistan

After the reduction of Rs 4 per liter in the price of petrol in Pakistan, now petrol has become Rs 377.78 per liter, which was earlier Rs 381.78. There is currently no change in the prices of high-speed diesel. It is still stable at Rs 380.78 per liter.

How much has the price reduced so far?

Overall, petrol has become cheaper by about Rs 37 per liter in Pakistan in the last four weeks. Earlier last week i.e. in the last week of May, the Government of Pakistan had made a huge cut of Rs 22 per liter on both petrol and diesel.

Why no relief on diesel?

Diesel prices were continuously increasing in the global market, due to which its price in Pakistan was expected to increase by Rs 34 to Rs 35. However, the government decided not to put additional burden on the public and worked to keep the prices stable by adjusting the levy.

What is the situation of India?

Even though the government has reduced fuel prices four times in Pakistan and increased the prices four times in India, yet the situation in India is under control. Petrol prices in India remain at the level of Rs 115 per liter to Rs 102 per liter, which is much lower than the new price after the rate reduction in Pakistan.

In the last few months, petrol prices in Pakistan had crossed Rs 380-400 per liter. In such a situation, as soon as there is some relief in international oil prices, the government is making big cuts of Rs 4 to Rs 22 on a weekly basis. In contrast, prices in India have been in a range for quite some time.

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Petrol-Diesel Rate on May 23: Meanwhile, the prices of petrol and diesel keep increasing in India. This series of rate increases started from May 15th. There is an atmosphere of chaos due to the thrice increase in fuel prices within just 10 days. However, the situation is opposite in India’s neighboring country Pakistan. Here the government has reduced the prices of both petrol and diesel.

Shahbaz Sharif’s government in Pakistan has announced a reduction in the prices of petrol by 6 Pakistani rupees per liter and high-speed diesel (HSD) by 6.80 rupees per liter today on May 23. This has brought relief to the people here to a great extent.

Why were the prices reduced?

According to the report of Pakistan Petroleum Division and Dawn News, due to the recent fluctuations in the prices of crude oil in the international market and changes in the Inland Freight Equalization Margin (IFEM) rates, the government there has reduced the prices by adjusting the base price. Here the government wants that the benefit of the slight decline in crude oil prices last week should directly reach the people here.

Weekly Review system has been implemented in Pakistan. Under this, every Friday night the prices are decided according to the global oil market. Since the international crude oil rates have come down a bit last week, petrol and diesel have also been made cheaper here as per the rules.

IMF’s condition fulfilled

Pakistan is currently running on the terms and conditions of the loan taken from the International Monetary Fund (IMF). One of the conditions of IMF was that the government of Pakistan should collect petroleum tax on petrol and diesel at an average of Rs 80 per liter. Since the government had already completed its tax collection target last week, now when the prices of crude oil fell slightly in the global market, the government decided to pass on its benefits to the public.

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