ISLAMABAD (TNS) After the reduction in petroleum product prices by the Prime Minister of Pakistan, a ‘Public Relief Package’ has been outlined to immediately reduce the burden of inflation on the common man. The Prime Minister of Pakistan officially announced a major and historic reduction in the prices of petroleum products to save the people from severe inflation. This decision was made after the significant decline in crude oil prices in the global market following the recent peace agreement between the United States and Iran.
\nThe Prime Minister of Pakistan has announced major relief for Pakistanis following the Iran-US peace agreement.
\nPrime Minister Shehbaz Sharif has announced a major reduction in the prices of petroleum products, reducing the price of petrol by Rs 74 per liter and the price of diesel by Rs 67 per liter.
\nAccording to a statement issued by the Prime Minister’s Office, on Friday, Prime Minister Shehbaz Sharif issued an important statement regarding oil prices after the establishment of regional and global peace, thanks to Pakistan’s mediation, and said that the benefits of the improvement in the economic situation in the region and the reduction in oil prices are being immediately transferred to the people. Alhamdulillah, he is going to fulfill the promise he made to the nation. Shehbaz Sharif further said that the difficulties of the people are well understood, and you have shown unparalleled patience and forbearance in difficult situations. We are deeply grateful to the people for supporting the government in these difficult circumstances.
\nAfter a significant decrease in oil prices in the global market, the prices of petroleum products have also been reduced significantly in Pakistan. A reduction of Rs 74 per liter in the price of petrol has been announced, after which the price of petrol per liter will come down from Rs 373 to Rs 299.
\nSimilarly, a reduction of Rs 67 per liter in the price of high-speed diesel has also been announced, after which the price of diesel per liter will come down from Rs 378 to Rs 311. The new petrol prices will be applicable from 12 midnight.
\nThe Prime Minister said that since the beginning of this crisis, we have tried to reduce oil prices as much as possible with our own resources. The federal government, by using Rs 129 billion from the development budget and through frugal savings, has provided relief to the people of the country from the huge increase in oil prices to the extent possible. The Prime Minister said that during the economic situation in the region, when measures like fuel rationing were being taken in some countries, thanks to the good planning of the Government of Pakistan, there was no energy crisis. Thanks to effective measures, there were no lines, no long queues, and the people did not face any shortage of petroleum products. The Prime Minister said that the federation and the provinces cooperated fully to keep the country’s economy stable, for which I am grateful to the provincial chief ministers. As much as possible, steps have been taken to protect the people from the wave of global inflation, and the reduction in oil prices in the global market is being passed on to the people.
\nRegarding government measures, Shahbaz Sharif said that effective measures will continue to maintain economic stability and further reduce inflation. During the entire period of the crisis, not only was austerity adopted at the government level, but subsidies were also provided to the deprived classes in the form of relief. Providing maximum relief to the people is the top priority of the government. He further said that by the grace of Allah, peace was possible due to Pakistan’s mediation in the tense situation in the Middle East. Allah Almighty honored Pakistan, and the Islamabad Memorandum of Understanding was signed, which is a historical document. Allah Almighty bestowed this honor and dignity on all Pakistanis with His great kindness. Earlier, Prime Minister Shahbaz Sharif had announced a major reduction in the prices of petroleum products during his speech in the National Assembly. Earlier, it was reported that due to the rapid decline in oil prices in the global market, preparations are being made for major relief for the people in Pakistan as well. The prices of petroleum products in Pakistan are expected to decrease by 70 to 100 rupees per liter in proportion to the global market. US-Iran War: How many times have petrol prices increased and decreased? Since the start of the war, which started with the attacks on Iran by Israel and the US, the effects of fluctuations in oil prices in the global market have also been evident in Pakistan, where significant increases and decreases in the prices of petroleum products have been recorded several times. The first major increase in the prices of petroleum products was made on March 6, 2026, when the government increased the prices of petrol and diesel by about Rs 55 per liter due to the increase in global oil prices. After this increase, the price of petrol increased to about Rs 321 per liter, which was the highest level in recent years. Similarly, the price of diesel per liter was also increased by Rs 55, after which the new price became Rs 335. After this, for the second time on April 3, the price of petrol was increased by Rs 137.23 per liter, after which the new price became Rs 458.40 per liter, while the price of diesel was increased by Rs 184 to Rs 520.35 per liter. Later, in the wake of public reaction and a partial decline in global prices, the government announced a major relief by reducing the price of petrol by about Rs 80 per liter, after which the price had come down to about Rs 378 per liter. On April 10, the Prime Minister once again approved a reduction in the price of petrol by only Rs 10 and that of diesel by Rs 135 per liter. After this reduction, the price of petrol per liter was Rs 366, while the price of diesel per liter was Rs 385. Prime Minister Shehbaz Sharif had approved a reduction in the price of diesel by Rs 32.12 per liter on April 17, after which its new price was reduced from Rs 385.54 to Rs 353.43, while it was decided to maintain the price of petrol.
\nOn April 18, the price of light diesel was reduced by Rs 70.04 per liter, after which the new price was reduced from Rs 369.72 to Rs 299.32 per liter. Similarly, the price of jet fuel was also reduced by Rs 23.59 per liter, after which its new price was reduced from Rs 494.71 to Rs 471.01 per liter. On April 24, the government once again increased the prices of petroleum products by a large amount, increasing the price of petrol and diesel to Rs 26.77 per liter. After this, on April 30, the government also increased the prices of petroleum products, increasing the price of petrol by Rs 6.51 per liter, after which the new price of petrol was fixed at Rs 399.86 per liter. Similarly, the price of high-speed diesel was increased by Rs 19.39, after which the new price of high-speed diesel was Rs 399.58 per liter. On May 9, the government once again increased the prices of petrol and diesel. The price of diesel was increased by Rs 15 per liter, after which the new price of diesel was fixed at Rs 414.58 per liter. Similarly, the price of petrol was increased by Rs 14.92 per liter, after which the new price of petrol was fixed at Rs 414.78 per liter. On May 16, the government announced a slight reduction in the prices of petroleum products and reduced the prices of petrol and diesel by Rs 5 per liter. The price of petrol per liter was fixed at Rs 409.78 per liter after a reduction of Rs 5, while the price of high-speed diesel per liter was also fixed at Rs 409.58 per liter.
\nThe government had also reduced the price of petrol per liter by Rs 6 on May 22, after which the new price of petrol became Rs 403.78 per liter, while the price of diesel per liter had also been reduced by Rs 6.80 to Rs 402.78 per liter.
\nOn May 29, the government, while giving a gift to the public on the third day of Eid-ul-Adha, announced a big reduction in the prices of petroleum products and reduced the prices of petrol and diesel by Rs 22 per liter, 22 per liter. After this reduction, the new price of petrol was set at Rs 381.78 per liter, while the new price of high-speed diesel was set at Rs 380.78 per liter.
\nSimilarly, on June 5, the government reduced the price of petrol by Rs 4 per liter, while there was no change in the price of high-speed diesel. After this reduction, the new price of petrol was fixed at Rs 377.78 per liter, while the price of diesel was maintained at Rs 380.78 per liter.
\nAfter this, a decrease in the prices of petroleum products was also seen on June 12. The government reduced the price of petrol by Rs 4 per liter for the next week, after which the new price of petrol was fixed at Rs 373.78 per liter. Similarly, diesel was also reduced by Rs 2 per liter, after which the new price of diesel was fixed at Rs 378.78 per liter. A major cut of Rs 15 has been made in the price of petrol per liter. To provide relief to the poor people and transporters, a reduction of Rs 18 per liter has been announced in the price of high-speed diesel. The price of kerosene for domestic consumers has also been reduced by Rs 12 per liter, and a discount of Rs 10 per liter has also been given in its price.
\nAccording to the Ministry of Petroleum and economic experts, the main reasons for this relief are that the prices of crude oil in the global market have suddenly fallen by more than 3 percent due to the US-Iran agreement (Islamabad Understanding). After Pakistan’s successful diplomacy, the confidence of the economic circles has been restored, which has stabilized the Pakistani rupee in the interbank market. The Prime Minister has made it clear that any economic benefits at the global level will be directly and immediately transferred to the people.
\nThe Prime Minister has issued strict orders to the provincial governments and district administrations (including deputy commissioners) to immediately reduce the fares of public transport and goods transport in proportion to the reduction in petrol. After the reduction in freight costs, the prices of vegetables, fruits, and other essential commodities in the general markets should be ensured. The new prices will be implemented across the country from 12 midnight tonight, which will greatly help the common man and the business community in reducing the cost of production.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD (TNS) After the reduction in petroleum product prices by the Prime Minister of Pakistan, a ‘Public Relief Package’ has been outlined to immediately reduce the burden of inflation on the common man. The Prime Minister of Pakistan officially announced a major and historic reduction in the prices of petroleum products to save the people […]<\/p>\n","protected":false},"author":34,"featured_media":126170,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,23],"tags":[],"class_list":["post-126169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-islamabad","category-national"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/126169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126169"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/126169\/revisions"}],"predecessor-version":[{"id":126171,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/126169\/revisions\/126171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/126170"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}