ISLAMABAD – Petrol consumers could get relief of Rs15 per litre under a government plan seeking greater contributions from oil refineries, Federal Minister for Petroleum Ali Pervaiz Malik said, as rising regional tensions push up fuel import and transportation costs.
Malik said a meeting with refinery representatives tomorrow would cover all outstanding issues, expressing confidence that their cooperation could help the government supply petrol at Rs15 less per litre.
The proposed relief remains subject to the arrangements being finalised; the minister’s remarks did not amount to an announcement of an immediate price cut. He said consumers had already been shielded from an increase last Friday, when petrol was due to become Rs15 per litre more expensive.
“Petrol prices were not increased. Instead, refineries’ profit margins were reduced,” Malik said.
Under a newly issued government formula, the petroleum levy could be reduced by Rs10–15 per litre, while refineries would also contribute towards the Petroleum Development Levy on each litre. The minister said the arrangement would place an estimated Rs15 billion monthly burden on refineries.
The formula would link petrol’s import price to the actual cost of Pakistan State Oil’s imported cargoes. Benefits resulting from adjustments to the levy would be passed on exclusively to petrol consumers.
Malik said 13 million people were already receiving targeted petrol relief through the government’s fuel subsidy scheme, introduced as part of the prime minister’s priority to ease pressure on the public.
The push for further relief comes amid mounting energy costs. According to the minister, developments in the region have sharply increased petroleum import expenses, premiums, logistics charges and transportation costs.
He said higher global energy prices were also affecting the economy, prompting the government to seek cooperation from refineries to provide additional relief to consumers.
Petrol Price Trends 2026
| Month | Opening/Closing |
| January | ~253 |
| February | 253 → ~258 |
| March | ~266 → ~321 |
| April | ~321 → ~393 |
| May | ~400 → ~382 |
| June | ~382 → ~300 |
| July | ~300 → ~336 |
| August | ~336 → ~342 |
| September | ~343 → ~388 |
| October | ~387 → 378 |
| November | 378 |
Pakistan Revises Petrol Pricing Formula to Address Volatility
