Overview
- Pakistan’s Petroleum Division set new pump rates effective Saturday, lowering high‑speed diesel to Rs385.54 per litre and petrol to Rs366.58 after the prime minister’s Friday address.
- Shehbaz Sharif said he passed through international declines, rejected calls to claw back Rs129 billion in recent subsidies, and kept targeted help for two‑wheelers and public transport.
- India raised export duties Saturday with immediate effect, lifting the diesel levy to Rs55.5 per litre and aviation turbine fuel to Rs42 per litre to discourage exports and protect domestic supply.
- Officials in New Delhi said the windfall-style levies respond to recent price spikes tied to West Asia conflict, with duties notified on April 11 and reviewed as market conditions change.
- The diesel cut is set to lower transport and harvest costs for Pakistani households and farmers, while India’s curbs could steer more refinery output to local buyers even as SEZ refinery exports like at Jamnagar remain exempt.