The federal government on Thursday increased the prices of petrol and diesel, effectively pushing retail rates past the Rs400 per liter milestone at many pumps. The adjustment, made with the concurrence of the International Monetary Fund (IMF), saw petrol rise by Rs6.51 and High-Speed Diesel (HSD) by Rs19.39 per liter. To mitigate the impact on low-income segments, Prime Minister Shehbaz Sharif concurrently extended fuel subsidies for motorcyclists and the transport sector for an additional month, stressing that the public would not be left unsupported during the regional energy crisis.
Petrol & Diesel prices raised to 400 per litre.
— Raftar (@raftardotcom) April 30, 2026
Quick Facts
- Petrol prices rose by Rs6.51 to an ex-depot rate of Rs399.86, while diesel increased by Rs19.39 to Rs399.58.
- Actual retail prices at most stations have crossed Rs400 per liter after including dealer margins and transportation charges.
- The price hike was coordinated with the IMF to ensure Pakistan meets its Rs1.47 trillion petroleum levy target.
- PM Shehbaz extended a Rs100 per liter subsidy for motorcyclists (capped at 20 liters) for another month.
- Large transport vehicles and food supply trucks continue to receive monthly cash subsidies ranging from Rs70,000 to Rs100,000 to prevent fare hikes.
The Petroleum Division issued the price notification at midnight, marking a significant 5% jump for diesel, which is a primary driver of inflation due to its heavy use in freight and agricultural transport. While ex-depot prices technically sit just below the Rs400 threshold, the additional costs added at the pump have pushed the final cost to consumers over that psychological barrier.
During virtual consultations, the IMF was informed that Pakistan is on track to exceed its revenue targets, having already collected the bulk of its annual petroleum levy within ten months. Both sides agreed to protect the primary balance target, even if it necessitates further cuts to the Public Sector Development Program (PSDP). This financial discipline is intended to clear the way for the IMF executive board meeting on May 8, which is expected to approve a $1.2 billion disbursement.
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To stabilize the cost of essential goods, the government is utilizing a provincial pool of Rs200 billion to fund targeted subsidies. This includes direct support for inter-city public service vehicles and trucks carrying food items, with the Prime Minister directing authorities to strictly monitor transporters to ensure they do not pass the fuel price increase on to commuters. The premier expressed hope that regional tensions would soon ease, allowing for more stable global oil valuations.
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