KARACHI – Petrol and diesel rates have been reduced by up to Rs8 per lite in a relief for inflation-hit people for the month of May 2024. The new petrol rate has been set at Rs288.49.
Ministry of Finance announced the drop in fuel prices for May 2024. The price of petrol has been lowered by Rs5.45 per litre for the next fortnight, and diesel by Rs8.
A notification in this regard shows that new price of petrol has been set at Rs and Rs for High Speed Diesel.
Latest Petrol Price in Pakistan
| Fuel Type | New Price |
| Petrol | Rs288.49 |
| High-Speed Diesel | Rs281.96 |
The petrol and diesel prices were revised amid variations in international prices of petroleum products and slight changes in the exchange rate.
This is the first time in a month that government is reducing petroleum prices after back to back surge amid rise in rates.
In last fortnight review, the PML-N government increased the petrol price by Rs8 per litre for next fortnight.
