ISLAMABAD — Prime Minister Shehbaz Sharif on Friday announced a massive downward revision in domestic petroleum prices, capitalizing on a sharp global oil market correction following the conclusion of the Islamabad peace framework between the United States and Iran.
The emergency price adjustment systematically reverses the inflationary spike triggered earlier this year by regional maritime blockades, passing direct fiscal relief to the public.
New Petroleum Price Matrix
The following data outlines the absolute reductions and net retail tariffs across primary fuel categories:
| Fuel Type | Old Price (Rs/Litre) | New Price (Rs/Litre) | Absolute Reduction | New Retail Price |
| Motor Spirit (Petrol) | Rs373.78 | Rs299.78 | Rs74.00 | Rs299.78 |
| High-Speed Diesel (HSD) | Rs378.78 | Rs311.78 | Rs67.00 | Rs311.78 |
Operational Status: The official notification from the Finance Division and the Oil and Gas Regulatory Authority (OGRA) is being processed for immediate implementation across all retail distribution networks.
Global Relief Mechanism and Local Impact
The aggressive rate cut is directly tied to the reopening of the Strait of Hormuz—a maritime artery managing 20% of global energy transit—which was unblocked under the newly signed peace agreement. International crude futures crashed to their lowest operational levels since February immediately following the diplomatic breakthrough.
By pushing retail petrol below the Rs300 threshold and significantly reducing diesel overheads for heavy freight logistics, the federal administration aims to trigger a cooling effect across consumer food and supply-chain markets. Premier Sharif noted that the historic cuts fulfill an explicit executive commitment to transfer international trade advantages directly back to the Pakistani public.
To watch the live parliamentary coverage and view the technical analysis of this policy shift, you can check out the SAMAA TV Fuel Price Update, which outlines the prime minister’s address and the financial breakdown of the revised market rates.
