Pakistan's Petroleum Minister announces fuel price increase, with gasoline up 43% to 458.4 rupees per liter, diesel up 55% to 520.35 rupees per liter, while shifting fuel subsidies from comprehensive to more targeted measures. The Ministry of Finance states that subsidies will be implemented for motorcycles, transportation vehicles, and the railway sector. Previously, a subsidy of 129 billion rupees kept fuel prices unchanged for three weeks.

K-LinePoet

2026-04-23 11:29:36

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Pakistan’s Petroleum Minister Ali Pervaiz Malik announced at a press conference that the country will raise the gasoline price by 43%, to 458.4 rupees per liter; diesel prices will be increased by 55%, to 520.35 rupees per liter. Malik said Pakistan will also shift from comprehensive fuel subsidies to more targeted subsidy measures. The finance minister, Muhammad Olangzeb, said Pakistan will provide subsidies to motorcycles, transport vehicles, and the railway sector. Note: Previously, Pakistan maintained fuel prices for three weeks by issuing subsidies of 129 billion rupees (about $462 million).

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Pakistan raises fuel prices by nearly 50%

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