Government keeps petrol and diesel prices unchanged for next fortnight
The government on Friday kept the prices of petrol and high-speed diesel (HSD) unchanged for the upcoming fortnight, according to a notification from the Petroleum Division.
Petrol will continue to be sold at Rs299.5 per litre, and HSD will remain at Rs311.47 per litre.
This decision follows a significant reduction last week, when Prime Minister Shehbaz Sharif announced a Rs74 cut in petrol and a Rs67 cut in HSD prices to pass on the benefit of declining international oil prices.
The government had shifted to weekly price revisions after an energy crunch, stemming from the US-Iran war and the Strait of Hormuz blockade, affected global markets. The first wartime revision on March 6 saw a Rs55 per litre hike for both fuels, raising petrol to Rs321.17 and HSD to Rs335.86 per litre.
Prices peaked on April 3, when petrol was increased by Rs137.24 and HSD by Rs184.49, taking their rates to Rs458.4 and Rs520.35 per litre, respectively. Following a backlash, the prime minister intervened within 24 hours to bring the petrol price down to Rs378 by slashing the petroleum levy by Rs80 per litre.
Petrol is primarily used in private transport and two-wheelers, affecting the middle and lower-middle classes. Diesel is mainly used in heavy transport and power generation, impacting the wider public.
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Updated: 3:44 PM PKT — June 27, 2026
The decision to maintain current fuel prices comes as international oil prices have seen a further reduction. WTI crude oil was reported at $69.23 per barrel, while Brent crude oil dropped to $71.99 per barrel.
The move has drawn criticism, with Hafiz Naeem Ur Rehman questioning the government’s decision.
Updated: 1:57 PM PKT — June 27, 2026
Federal Minister for Petroleum Ali Pervaiz Malik said on Saturday the government remains committed to passing on the benefit of international oil price movements to consumers while fulfilling Pakistan’s international financial commitments. In a statement, the minister said the government was pursuing a balanced policy. He noted that during the week of June 22-26, international petrol prices fluctuated between $90.36 and $98.35 per barrel, while high-speed diesel traded between $104.79 and $109.09 per barrel. Mr. Malik reiterated that the government’s objective is to balance public relief with economic stability.
On Saturday, Petroleum Minister Ali Pervaiz Malik addressed criticism regarding the decision to keep petrol and diesel prices unchanged, stating the government was not giving preference to any sector or imposing an undue burden on another.
In a social media post, the minister shared international oil price data from June 22-26, which showed petrol trading between $90.36 and $98.35 per barrel and high-speed diesel between $104.79 and $109.09 per barrel.
Malik asserted that the government is committed to passing on any benefits to consumers within its international obligations. He also highlighted that under the current administration, the prices of diesel and petrol have been reduced by Rs 200 and Rs 155 per litre, respectively. The statement came in response to public figures questioning why the benefit of lower international oil prices was not being passed on to consumers.
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