Shehbaz Sharif Petrol Price Announcement Today: Big Cut

Shehbaz Sharif – (Web Desk) – Today brought good news for drivers and families across Pakistan. In his Shehbaz Sharif petrol price announcement today, the prime minister told the National Assembly that fuel prices are about to drop again, and by a large amount.

He reminded the house of a promise his government had made earlier. He said every rupee taken from the people during the fuel crisis would be paid back through lower prices, and today’s cut is part of that pledge.

This new price cut comes right after a peace deal between the US and Iran. That deal calmed tensions in the region and allowed oil tankers to move freely through the Strait of Hormuz again, a key route for global oil supply.

Just last week, the government had already lowered petrol by four rupees and diesel by two rupees per litre. Today’s announcement builds on that small relief with a much bigger reduction.

The prime minister also thanked his ministers and the chief ministers of every province. He said their teamwork helped the country manage a tough fuel crisis while still offering targeted subsidies to people who needed help the most.

He shared that the federal government had already spent around 128 billion rupees to soften the blow of high fuel prices for ordinary citizens.

To understand how serious the crisis was, petrol stood at 258 rupees per litre before the conflict began. It later jumped all the way to 458 rupees, before slowly coming back down to around 370 rupees just days ago.

Diesel followed a similar pattern. It started near 276 rupees per litre, climbed to a high of 520 rupees during the crisis, and has now started easing as well.

Because of the conflict, the government had switched from reviewing fuel prices every two weeks to checking them every single week. That weekly review will likely continue until prices fully stabilize.

Petrol mostly affects everyday commuters, bike riders, and rickshaw drivers, so any drop brings quick relief to middle and lower income households. Diesel, on the other hand, powers trucks, buses, trains, and farm equipment, which means cheaper diesel can also help slow down overall inflation.

With oil markets calming down and supply routes reopening, many Pakistanis are hopeful that fuel prices will keep falling in the weeks ahead.