Govt cuts petrol price by Rs6, diesel by Rs6.80 per litre
- New prices come into effect from May 23
The federal government has reduced petrol and high-speed diesel prices by Rs6 and Rs6.80 per litre, respectively, effective May 23, 2026, continuing a trend of price cuts.
- New reduced petrol and diesel prices.
- Effective date of the price changes.
- Influence of global oil market fluctuations.
The federal government on Friday announced a reduction in petroleum prices for the next week, lowering the price of petrol by Rs6 per litre and high-speed diesel (HSD) by Rs6.80 per litre with effect from May 23, 2026.
According to a notification issued by the Ministry of Energy (Petroleum Division), the price of Motor Spirit (MS), commonly known as petrol, has been reduced from Rs409.78 per litre to Rs403.78 per litre.
Similarly, the price of High-Speed Diesel (HSD) has been cut from Rs409.58 per litre to Rs402.78 per litre.
The revised prices will remain effective from May 23, 2026, until further review by the government.
Last week, the government had also reduced petroleum prices by Rs5 per litre amid fluctuations in global oil markets.