Prime Minister Shehbaz Sharif has announced a reduction of Rs80 in the petrol levy, after which the price of petrol has decreased from Rs458 to Rs378 per litre, on Friday.
Addressing the nation, the prime minister said that the Rs80 reduction in the petrol levy will be for one month.
He said the government understands the problems faced by the public, and a subsidy of Rs100 per litre will also be given to motorcycle users.
He said that the increase in global crude oil prices has also affected Pakistan, and the rise in petroleum prices has increased difficulties for the common man.
Shehbaz Sharif said that even strong economies around the world are being severely affected by this crisis.
He added that the government has made every possible effort to reduce public hardship by using national resources, and Rs129 billion has been spent to provide relief in petroleum prices.
Further, he said that while people in other countries had to stand in long queues for petrol, such a situation was avoided in Pakistan.
He added that recent national decisions were made after consultation, and efforts were made to prevent the escalation of war. He expressed hope that the conflict would end soon and peace would be restored.
The prime minister also announced that goods transport vehicles will receive a subsidy of Rs100 per litre, public transport will be given a monthly subsidy of Rs100,000, and farmers will receive a subsidy of Rs1,500.
Read more: CM Punjab announces Rs70,000-100,000 petrol subsidy
Petrol price in Pakistan today 2026
Yesterday, after a long hold, the prices of petroleum products were increased in Pakistan, with petrol now costing Rs458.40 paisa per litre.
The petrol price has increased by Rs136.83 per litre. Additionally, high-speed diesel price increased by Rs184.14 per litre.
Previously, the price of petrol was Rs322 per litre. The prices are applicable from today.
Finance Minister Muhammad Aurangzeb and Petroleum Minister Ali Pervaiz Malik held an important press conference where they revealed the news.
