New adjustments take effect May 1 as global oil volatility and fiscal measures push domestic fuel costs higher.
The federal government has once again increased fuel prices, delivering a fresh blow to consumers already grappling with inflation. According to an official notification issued by the Petroleum Division, the revised rates will come into effect from May 1, 2026.
Under the new revision, petrol has been increased by Rs6.51 per litre, raising its price from Rs393.35 to Rs399.86. High-speed diesel (HSD) has seen a significantly sharper jump of Rs19.39 per litre, bringing its new rate to Rs399.58.
At the same time, changes in petroleum levies have also been introduced. The levy on petrol has been reduced by Rs3.88 per litre, bringing it down to Rs103.50 per litre. However, a fresh levy of Rs28.69 per litre has been imposed on high-speed diesel, where previously no such levy existed.
Officials said the government continues to review fuel prices on a weekly basis, a policy linked to ongoing volatility in global energy markets and shifting geopolitical conditions. In recent months, international oil prices have been heavily influenced by tensions in the Middle East and broader supply concerns.
Earlier in the week, global crude markets saw dramatic movement, with Brent crude briefly surging to around $126 per barrel—its highest level in four years—before easing back to nearly $110. The fluctuations have added pressure on import-dependent economies, including Pakistan, where fuel pricing is closely tied to international benchmarks.
The latest hike follows a previous adjustment in which petrol and diesel prices were both increased by Rs26.77 per litre, underscoring a pattern of frequent revisions that have kept transport and production costs elevated.
About The Author
