ISLAMABAD (April 17, 2026) — Prime Minister Shehbaz Sharif has approved a significant reduction of Rs32.12 per liter in the price of high-speed diesel (HSD), providing a much-needed reprieve for the country’s transport and agriculture sectors. The decision comes as global crude oil prices plummeted by nearly 13% following the reopening of the Strait of Hormuz to commercial shipping.
وزیرِ اعظم محمد شہباز شریف کی ڈیزل کی قیمت میں کمی کی منظوری.
وزیرِ اعظم شہباز شریف کا قوم کو ریلیف کی فراہمی کا فیصلہ.
وزیرِ اعظم کی ڈیزل کی قیمت میں 32 روپے 12 پیسے کی کمی کی منظوری.
منظوری کے بعد ڈیزل کی قیمت 385.54 روپے سے کم ہوکر 353.43 روپے ہوگئی.
تیل کی قیمتوں میں… pic.twitter.com/pOdEMNgHff
— PTV News (@PTVNewsOfficial) April 17, 2026
Highlights
- Diesel reduced to Rs353.43 (from Rs385.54).
- Petrol unchanged at Rs366.58 for the current weekly cycle.
- The new prices came into effect at midnight, April 18.
- Brent crude fell to approximately $86.52 a barrel, the lowest since early March.
In a statement issued by the Prime Minister’s Office (PMO), PM Shehbaz emphasized that his priority is to ensure the benefits of declining international oil prices reach the common man “as quickly as possible.” While petrol prices remain stable this week, the heavy reduction in diesel is expected to lower the operational costs for freight, public transport, and heavy machinery, potentially easing inflationary pressures on food and essential goods.
The “Hormuz Factor”
Market analysts attribute the sharp drop in fuel prices to a sudden easing of geopolitical tensions. Iranian Foreign Minister Abbas Araghchi confirmed that the Strait of Hormuz is now open for commercial vessels, a move echoed by US President Donald Trump. This development has effectively reversed the “war-premium” that had kept prices at record highs throughout March and early April.
ڈیزل کی قیمت میں 32 روپے کمی ، وزیراعظم نے بڑی منظوری دیدی pic.twitter.com/PJt5B0dLAO
— 92 News HD Plus (@92newschannel) April 17, 2026
A month of volatile pricing
This latest cut follows an unprecedented sequence of price revisions in April. After a massive 55% hike earlier in the month due to the regional conflict, the government has moved aggressively to provide relief as diplomacy gains ground. Last week, the PM had already slashed diesel and petrol prices by Rs135 and Rs12, respectively, citing the same downward trend in global benchmarks.
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