Government cuts fuel prices for second consecutive week as Pakistan prepares for Eid-ul-Adha holidays
Pakistan on Friday reduced petrol and diesel prices ahead of Eid-ul-Adha 2026, offering relief to consumers amid recent volatility in global oil markets and regional tensions affecting energy supplies.
According to a notification issued by the Ministry of Energy (Petroleum Division), the government reduced the price of petrol by Rs6 per litre and high-speed diesel (HSD) by Rs6.80 per litre with effect from May 23, 2026.
Following the reduction, the price of Motor Spirit (MS), commonly known as petrol, was lowered from Rs409.78 per litre to Rs403.78 per litre.
The price of high-speed diesel was also cut from Rs409.58 per litre to Rs402.78 per litre.
The revised rates will remain effective until the next government review after the Eid holidays, scheduled from May 26 to May 28.
Earlier, the federal government had announced a three-day public holiday for Eid-ul-Adha, which will be observed in Pakistan on May 27 following confirmation of the Zilhaj moon sighting.
The latest reduction marks the second consecutive weekly cut in petroleum prices after the government last week lowered petrol and diesel rates by Rs5 per litre each.
Pakistan has been reviewing petroleum prices on a weekly basis amid fluctuations in international oil prices following tensions linked to the conflict involving the United States, Israel and Iran.
The closure and instability surrounding the Strait of Hormuz — a major global oil transit route — had intensified concerns over global fuel supplies and energy prices.
Petrol is widely used by owners of motorcycles, small vehicles and rickshaws, making fuel price changes particularly significant for middle- and lower-income households.
Meanwhile, high-speed diesel is primarily consumed by the transport and agriculture sectors, including trucks, buses, trains, tractors and tube wells.
Analysts say changes in diesel prices often have broader inflationary implications because transportation costs directly affect food and commodity prices across the country.
