Business Desk 
Apr 10, 2026
Prime Minister Shehbaz on Friday announced a Rs12 per litre drop in petrol price, citing a slight decline in global oil prices following the ceasefire between the United States (US), Israel, and Iran.
The premier, addressing citizens, announced a massive decrease of Rs135 in the price of high-speed diesel (HSD), setting the new prices of petrol at Rs366.58 per litre and diesel at Rs385.54 per litre, effective April 11.
The prime minister said: "The latest reduction in diesel will have a wide-ranging economic impact, particularly on transportation, agriculture and supply chains, where diesel remains a primary fuel. The comparatively smaller cut in petrol prices is also likely to ease costs for private motorists and urban commuters."
He said the Gulf region was moving from conflict towards peace talks after both sides agreed to engage in negotiations and de-escalation.
PM Shehbaz further added that the government remained focused on maintaining adequate fuel stocks and ensuring price stability, as part of broader efforts to manage economic pressures. He noted that the adjustments were made after careful consideration of international market trends and domestic fiscal conditions.
The premier labelled the moment as “historic”, pointing to a shift in regional dynamics where dialogue is taking precedence over conflict in Middle East.
"Pakistan hosting these talks was not just a proud moment for Pakistan but for the entire Muslim world," said the prime minister, adding that in these critical times, Pakistan’s leadership was able to convince the US and Iran to agree on a temporary ceasefire and invited them to Islamabad.
PM Shehbaz said he had been urged not to impart the full relief to the people so that Rs129 billion that the federal government had spent to cushion the impact of price shocks could be compensated for to some extent.
