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Government Reduces Petrol and Diesel Prices by 5 Rupees Per Liter

pakistan-news
Pakistan News May 16, 2026
Last Updated: May 16, 2026

The government has reduced the prices of petrol and high-speed diesel by five rupees per liter. Following the change, the new price for petrol is set at approximately 409.78 rupees, while high-speed diesel will be sold at 409.58 rupees per liter. This move is intended to provide some relief to the public following recent significant price hikes. While the consumer price for high-speed diesel decreased, the government levy on it was increased by 9.40 rupees, bringing the total levy to 52 rupees per liter. Public reaction to the price adjustment has been mixed, with many citizens deeming the reduction insufficient.

📍 Latest Updates

Updated: 3:40 PM PKT — May 16, 2026

The government has released an official notification regarding the price cuts to provide relief for the public. Local media reports have also begun documenting public reactions following the formal announcement of the reduction.

Updated: 2:31 PM PKT — May 16, 2026

Citizens have widely criticized the move, calling the minor reduction a joke. The change has been deemed insignificant by many, particularly when contrasted with previous substantial price hikes.

Updated: 1:37 PM PKT — May 16, 2026

In addition to the adjustments for petrol and diesel, the government also reduced the price of kerosene oil. The rate for kerosene was cut by approximately 7.30 rupees per liter.

Updated: 12:53 PM PKT — May 16, 2026

NO_NEW_INFO

Updated: 12:13 PM PKT — May 16, 2026

In a related adjustment, the petroleum levy on petrol has reportedly been reduced. This move was made as the levy on high-speed diesel was increased.

Updated: 11:51 AM PKT — May 16, 2026

NO_NEW_INFO

Updated: 10:10 AM PKT — May 16, 2026

Updated figures show the reduction for high-speed diesel is Rs 5.5 per litre. The new price for high-speed diesel is now set at Rs 409.88 per litre.

Latest Activity

UPDATE – 16 May 2026, 2:10 PM PKT

Public reactions are surfacing across Pakistan following the price adjustment, which major news outlets are characterizing as a significant relief for the general public. National broadcasters have classified the development as breaking news aimed at providing benefit to citizens nationwide.

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