Govt slashes petrol price by Rs80 to Rs378 for one month

April 4, 2026 (MLN): The government has declared a major relief package, cutting petrol prices by Rs80 per litre for one month, reducing the rate from Rs458 to Rs378 per litre with immediate effect, alongside multiple subsidies aimed at easing the burden of rising fuel costs.

Prime Minister Shehbaz Sharif shared the details in a national address, following extensive consultations and a high-level meeting at the Presidency attended by federal and provincial leadership.

He also announced that members of the federal cabinet will donate six months’ salaries to the national exchequer.

The package includes a Rs100 per litre subsidy for motorcyclists, as well as for goods transport, public transport, and cargo vehicles for one month. In addition, fixed monthly subsidies will be provided: Rs70,000 for small trucks, Rs80,000 for large trucks, and Rs100,000 for public transport buses to prevent fare hikes and rising prices of essential goods.

To support the agricultural sector, small farmers will receive Rs1,500 per acre to help manage increasing input costs.

The government has also directed that economy class fares of Pakistan Railways will not be increased under any circumstances.

The prime minister noted that global oil prices have surged due to ongoing tensions in the Gulf region, impacting economies worldwide, including Pakistan.

He added that the government has already absorbed Rs129 billion over the past three weeks to shield the public from the full impact of rising prices.

He emphasized that the relief measures will also apply to Gilgit-Baltistan and Azad Jammu and Kashmir, with the federal government ensuring the provision of necessary resources, and reaffirmed the government’s commitment to restoring economic stability.