Upcoming Petroleum Prices Likely to Change from 16 May 2026
Upcoming Petroleum Prices Likely to Change from 16 May 2026 in Pakistan for Diesel are estimated to decrease by up to Rs10.40 per litre for the next few days following a variation in international oil prices.
According to informed sources based on existing tax rates the ex-depot price of high-speed diesel is expected to decline by about Rupees 10.40 per litre. However petrol prices are likely to change as the estimated increase of Rupees 6.25 per litre.
Petroleum Prices Likely to Change from 16 May 2026 is given:
| Fuel | Current price | Expected price |
| Petrol | 399.86 | +405.25 |
| Diesel | 399.58 | -369.65 |
| Kerosene oil | 360.76 | +6.36 |
| Light Speed Diesel | 287.54 | +5.77 |
In a relief for households relying on kerosene for cooking and lighting, the price has been reduced.
- New kerosene price: Rs 360.76 per litre
- Decrease: Rs 4.45 per litre
On the other hand, light diesel oil (LDO) has become more expensive.
- New light diesel price: Rs 287.54 per litre
- Increase: Rs 17.03 per litre
Light diesel is commonly used in small-scale industries and machinery, so this rise may impact production costs.
Shell Upcoming Petroleum price from 16 May 2026
Shell fuels are known for their consistency, engine performance and optimized performance which meet quality standards. Today Shell petrol is Rs 399.86.45 per litre and Shell Diesel price is Rs 399.58 per liter.
| Fuel | Current price | Expected Price |
| Petrol | 399.86 | 405.25 |
Read about: Shell V-Power price today
Government Increased Diesel Tax
The government is under fiscal pressure and needs stable revenue sources. Petroleum levies are preferred because:
- They are collected directly at fuel pricing stage
- Provide consistent income
Pakistan is facing tax collection challenges because Diesel Tax Increased by Rs. 28.7 Litre Petrol Levy Reduced particularly with the Federal Board of Revenue (FBR) which has struggled to meet revenue targets.
Factors affecting Petroleum Price
Several major factors affect petrol and Diesel prices:
Global Crude Oil Prices
Pakistan imports most of its oil from other countries. When international oil prices rise, local prices automatically increase.
Exchange Rate (Dollar vs Rupee)
A weaker Pakistani rupee increases import costs which leads to higher petrol and diesel prices.
Import Dependence
Pakistan imports oil from other countries like Saudi Arabia and UAE which making it vulnerable to global supply shocks.
Impact on Transport & Agriculture
High-Speed Diesel is widely used in:
- Transport sector like trucks, buses and logistics.
- Used in Agricultural machinery like tractors, tube wells and harvesters.
With the sowing season currently underway the increase in diesel prices is expected to:
- Raise farming costs
- Increase transportation fares
- Put pressure on food prices in the coming weeks
Read more : New public Transport system in Punjab approved
Conclusion
The Petroleum Prices Likely to Change from 16 May 2026 for Diesel are estimated to decrease by up to Rs10.40 per litre and petrol prices are likely to change as the estimated increase of Rupees 6.25 per litre. This change will remain effective for the next few days. While the increase in petrol price is considered high it will still add pressure on consumers and the business community.
FAQ’s
Is the Petroleum Prices Likely to Change from 16 May 2026 in Pakistan?
Yes Petroleum Prices Likely to Change from 16 May 2026 for Diesel are decreased by up to Rs10.40 per litre .
What is the current petrol and diesel price ?
The current petrol price is Rs 399.86 per litre and diesel price is Rs 399.58 per liter.
Why are prices still high despite zero GST?
The government charges on petrol levy and climate support levy which together make up a significant portion of fuel price.
What is the petrol price today?
Petrol price today is Rs 399.86 per litre ( 2026)
Why are petrol prices the same in all cities?
Petrol prices are the same in all cities because prices are regulated by the federal government.