The Federal Government has slashed petrol prices by Rs 4 per litre and high-speed diesel (HSD) prices by Rs 2 per litre, marking the fifth consecutive reduction in fuel costs. The new prices will take effect from Saturday, June 13, 2026, according to a press release from the Petroleum Division.
New Fuel Prices
Following the decrease, petrol will be priced at Rs 373.78 per litre, down from the existing Rs 377.78 per litre. High-speed diesel will now cost Rs 378.78 per litre, compared to the previous Rs 380.78 per litre. These rates will remain valid until further revision.
Impact on Transport
Petrol is predominantly used in private transport, small vehicles, three-wheelers, and two-wheelers, while high-speed diesel is primarily consumed by the heavy transport sector. The reduction is expected to provide some relief to consumers and the transportation industry.
Recent Price Trends
In the week ending June 12, the government had reduced petrol by Rs 4 per litre and kept diesel prices unchanged. Prior to that, on June 5, both petrol and diesel were slashed by Rs 22 per litre each. On May 29, petrol was cut by Rs 6 per litre and diesel by Rs 6.8 per litre. Similarly, on May 22, both fuels were reduced by Rs 5 per litre.
However, on May 15, the government had increased petrol and diesel prices by Rs 14.92 and Rs 15 per litre, respectively.
Earlier Major Adjustments
On March 6, the government announced a historic increase of Rs 55 per litre in petrol and diesel prices, raising petrol to Rs 321.17 per litre and diesel to Rs 335.86 per litre. On April 2, further increases of Rs 137.23 per litre for petrol and Rs 184.49 per litre for diesel pushed prices to Rs 458.5 and Rs 520.35 per litre, respectively. However, a day later, the government slashed the petroleum levy on petrol by Rs 80 per litre, bringing it down to Rs 378 per litre.
On April 10, diesel prices were reduced by Rs 134.81 per litre and petrol by Rs 11.83 per litre. But on April 24, both fuels were increased by Rs 26.77 per litre each. On April 30, petrol and diesel saw further hikes of Rs 6.51 and Rs 19.39 per litre, respectively.
