Petrol and Diesel Prices in Pakistan Skyrocket

April 3, 2026: Pakistan has announced historic increases in fuel prices, sending shockwaves across the country as petrol and diesel hit record levels. The decision comes amid rising global oil costs triggered by ongoing geopolitical tensions and supply disruptions in the international energy market. Latest Fuel Price Update (Effective April 3, 2026)Fuel TypeNew Price (PKR/Litre)Previous Price (PKR/Litre)PetrolRs. 458.40Rs. 321.17High Speed DieselRs. 520.35Rs. 335.86Light DieselRs. 395—KeroseneRs. 467.48—The petrol price increase of around Rs.137 per litre and diesel jump of Rs.184 per litre mark one of the steepest fuel price rises in Pakistan’s history. Pak Government Schemes. Why Fuel Prices Are RisingOfficials have attributed the sharp hikes largely to surging global oil prices especially due to conflict and instability in the Middle East — which have disrupted key energy supply routes like the Strait of Hormuz. Pakistan, being a major oil importer, has passed on these costs to consumers. The government has also ended broad fuel subsidies and introduced targeted assistance aimed at low‑income groups, such as small farmers and motorcyclists, to help cushion the economic impact.