April 11, 2026
ISLAMABAD – In a major relief for inflation-hit consumers, Prime Minister Shehbaz Sharif on Friday night announced a sharp reduction in fuel prices, slashing diesel by Rs135 per litre and petrol by Rs12 per litre, effective from April 11, 2026.
The decision, announced in a televised address to the nation, follows a decline in international oil prices and is aimed at easing the financial burden on households, farmers, and the transport sector.
New Petrol Price in Pakistan Today ( April 11, 2026)
Fuel Type | Old Price (Rs/L) | New Price (Rs/L) | Reduction (Rs/L) |
Petrol (Super) | 378.41 | 366.58 | ▼ 11.83 |
High Speed Diesel (HSD) | 520.35 | 385.54 | ▼ 134.81 |
Key Points
Petrol price in Pakistan today: Rs366.58 per litre (cut by Rs11.83).
High-speed diesel: Rs385.54 per litre (slashed by Rs134.81).
Effective from April 11, 2026.
Kerosene reduced by Rs17.33 to Rs450.15, Light Diesel Oil by Rs25.31 to Rs369.72.
Why the Cut?
The price reduction comes on the back of easing global oil prices, driven by a two-week ceasefire between the US and Iran and the reopening of the Strait of Hormuz—a critical route for global energy supplies. Pakistan had brokered the temporary truce, bringing both sides to the negotiating table in Islamabad.
In his address, PM Shehbaz said:
“When there is a decrease in prices, I consider it my moral and political responsibility that every penny of this decrease should be given to you.”
He revealed that he rejected a proposal to divert part of the relief towards government expenditure, insisting the full benefit be passed on to the public.
Who Benefits?
- Petrol users (motorcycles, cars, rickshaws) – Lower commuting costs for millions of urban consumers.
- Diesel users (trucks, buses, tractors, tube-wells) – The steep Rs135 cut is expected to lower freight and food prices, benefiting farmers during the ongoing wheat harvest season.
- Subsidies continue – Targeted subsidies for two-wheelers and public transport, introduced with provincial governments, will remain in place.
Economic Impact
The government has already spent Rs129 billion to control inflation and provide relief to the public despite financial constraints. The sharp reduction in diesel is expected to:
- Lower transportation and logistics costs
- Help curb food inflation
- Provide immediate financial relief to households and businesses
What’s Next?
The prime minister also briefed the nation on Pakistan’s successful mediation efforts, which led to a two-week ceasefire between the US and Iran. He thanked Deputy PM Ishaq Dar and COAS Field Marshal Syed Asim Munir for their roles in securing the breakthrough.
The US and Iran delegations are scheduled to meet in Islamabad on Saturday (April 11) for direct talks, with Pakistan continuing its efforts for sustainable peace in the region.