News
April 03, 2026
Govt Raises Petrol Price to Rs458 Per Liter, HSD Price to Rs520 Per Liter
Islamabad: Petroleum Minister Ali Pervaiz Malik announced on Thursday that the price of petrol was being raised to Rs458.4 per liter and that of high-speed diesel (HSD) to Rs520.35 per liter.
He made the announcement while addressing a press conference alongside Finance Minister Muhammad Aurangzeb.
Soon after his announcement, the energy ministry also notified the new prices, with petrol’s price being raised by Rs137.24 per liter and diesel’s by Rs184.49 per liter.
The government also increased kerosene prices by Rs34.08 per liter to Rs457.80 per liter.
Malik said the new prices would be effective from Friday.
The latest hike comes amid a global fuel crisis resulting from the US-Israeli war on Iran, which began on February 28.
It was announced around a week after Prime Minister Shehbaz Sharif said he had rejected a third recommendation for an increase of Rs95 per liter in the price of petrol.
Targeted subsidy initiatives
Speaking after Malik at the press conference, Finance Minister Aurangzeb said the government was announcing a targeted subsidy program, adding that it had been decided that a subsidy of Rs100 per liter would be given for two-wheelers. He said there would be a cap of 20 liters for every month for this initiative, adding that the relief would be given for the next three months.
Similarly, small farmers would be provided a one-time Rs1,500 per acre subsidy as agriculture contributed 24pc of the gross domestic product and was key to food security.
On HSD-run inter-city and goods transport, Rs100 per liter subsidy would be provided and its price would be reviewed every month, he said. In this regard, Rs70,000 direct support would be given for trucks carrying almost 80-85pc of food items. Large transport vehicles would be given Rs80,000 per month while inter-city passenger or public service vehicles would be provided Rs100,000 per month to ensure that fares remained stable. - Dawn
Courtesy Dawn
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