Petroleum Minister Ali Pervaiz Malik said on August 19, 2026 that Pakistan is set to reduce the price of diesel by around Rs. 30 to Rs. 32 per litre. The announcement came after the government held talks with local oil refineries to seek relief for consumers.
According to the minister, refineries agreed to lower the price of locally produced diesel after several discussions with the government. He also said that the government had already used more than Rs. 100 billion to protect consumers from the impact of higher fuel costs during the recent Middle East crisis.
Prime Minister Shehbaz Sharif had directed the petroleum ministry to negotiate with refineries and find ways to reduce the burden on consumers.
The final reduction will be decided by the Oil and Gas Regulatory Authority (OGRA) after it completes its pricing calculations. This means the exact new diesel price will be confirmed through an official announcement.
The government has said it wants to pass the benefit of lower refinery prices to consumers as quickly as possible. The expected cut could provide relief to farmers, transport operators, businesses, and other diesel users.
