The federal government has reduced petrol and diesel prices by Rs5 per litre for the next seven days.

Following the latest revision, petrol will now be priced at Rs409.78 per litre, while diesel will stand at Rs409.58 per litre.

The new rates will take effect immediately from Saturday, May 16, 2026.

This reduction comes just a week after a significant increase in fuel prices on May 9, when petrol was raised by Rs14.92 per litre and diesel by Rs15 per litre.