Petrol, Diesel prices slashed by Rs5

MG News | May 16, 2026 at 12:38 AM GMT+05:00

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May 16, 2026 (MLN): The Ministry of Petroleum has declared a reduction in petroleum prices, providing relief to consumers across the country.

The price of petrol has been reduced by Rs5 per litre, bringing the new price down to Rs410 per litre.

Similarly, the price of high-speed diesel (HSD) has also been cut by Rs5 per litre, with the revised rate set at Rs410 per litre.

Meanwhile, Pakistan has lowered the petroleum development levy (PDL) on petrol by Rs9 to Rs117 per litre, while the levy on diesel has been increased by Rs10 to Rs52 per litre.

The revised petroleum prices will come into effect immediately for the next fortnightly review period.

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