Petrol prices in Pakistan have been revised upward, with new rate set at Rs414.78 per litre after an increase of Rs14.92 from May 9, 2026. The adjustment comes amid ongoing weekly fuel price changes driven by global oil market instability and rising import costs, further adding pressure on consumers already facing inflation.
Petrol Price Update
Pakistanis are once again bracing for a fresh wave of fuel inflation as the government has increased petrol prices by Rs14.92 per litre and high-speed diesel by Rs15 per litre in the latest weekly revision. After the increase, petrol now stands at a staggering Rs414.78 per litre, while diesel has climbed to Rs414.58 per litre, effective from May 9.
Fuel prices have been on a rollercoaster ride for months, with weekly revisions triggered by global instability. The ongoing geopolitical tensions involving the US, Israel, and Iran have disrupted international oil supply routes, especially through the Strait of Hormuz, a critical passage handling nearly one-fifth of global oil trade. The ripple effect has kept fuel markets volatile, forcing repeated price adjustments in Pakistan.
Since early March, Pakistan has witnessed dramatic fuel price swings. An initial surge of Rs55 per litre in March was followed by further aggressive hikes and austerity measures announced by the government. Although some temporary relief was later provided through tax cuts and petroleum levy adjustments, the respite was short-lived.
In April alone, fuel prices saw historic movements, including massive percentage increases and then sudden reductions after policy reversals. Just last week, petrol rose again by Rs6.51 per litre, and diesel by Rs19.39, before this latest jump.
Taxes on Petrol Price
What makes the situation even more striking is the heavy tax burden built into fuel prices. Consumers are now paying over Rs150 per litre in taxes alone on petrol.
Breakdown
| Component | Amount (Rs per litre) |
|---|---|
| Petroleum levy | ~103.50 |
| Customs duty | 23.72 |
| Climate levy | 2.50 |
| Freight charges | 17.14 |
| Oil company margin | 7.87 |
| Dealer commission | 8.64 |
Petrol Price from May 2025-May 2026
From May 2025 to April 2026, petrol prices have swung dramatically, hovering mostly between Rs253 and Rs266, before exploding in March and April 2026 to extreme highs above Rs450 per litre, followed by partial reductions to around Rs393.
| MONTH | PETROL PRICE |
| May 2025 | 259.38 |
| June 2025 | 259 – 260 |
| July 2025 | 259 – 266 |
| August 2025 | 264.61 |
| September 2025 | 260 – 268 |
| October 2025 | 260 – 265 |
| November 2025 | 255 – 265 |
| December 2025 | 253 – 260 |
| January 2026 | 253.17 – 259 |
| February 2026 | 253 – 258 |
| March 2026 | 266.17 – 321.17 |
| April 2026 |
366.58 – 458.50 |
FAQs on Petrol Prices
Q1: What is the latest petrol price in Pakistan in May 2026?
Petrol price is now Rs414.78 per litre after an increase of Rs14.92.
Q2: What is the current diesel price?
High-speed diesel is priced at Rs414.58 per litre after a Rs15 increase.
Q3: Why have fuel prices increased?
Prices rose due to global oil market instability, import cost increases, and geopolitical tensions affecting oil supply routes.
Q4: How often are fuel prices revised in Pakistan?
Fuel prices are revised weekly, usually on Fridays.
Q5: How much tax is included in petrol price?
Around Rs150+ per litre comes from taxes and levies, making up about 32% of the final price.
Q6: What are the main charges in petrol pricing?
Major components include petroleum levy (Rs103.50), customs duty (Rs23.72), freight (Rs17.14), and dealer/industry margins.
Q7: How have petrol prices changed recently?
Prices stayed around Rs253–266 for most of 2025, surged above Rs450 in April 2026, and later settled near Rs393 before rising again.
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