Citrus maxima Linn commonly known as pummelo belongs to the Rutaceae family. Traditionally its juice is used in the treatment of Diabetes. In the present study, Pet-ether, chloroform, Ethyl acetate, Ethanol extracts and dried juice of the fruits of Citrus Maxima was comparatively evaluated for their blood glucose lowering and hyperlipaemic activity. The ethyl acetate, ethanolic extract, and dried Juice showed significant activity in acute study as compare to diabetic control, but none of the extract showed significant results in prolonged study. The experiment also conformed ethyl acetate and ethanolic extracts significantly reduced the elevated total cholesterol, triglyceride level, SGOT, SGPT, ALD and Urea level. Our data suggest a significant antidiabetic and hyperlipaemic effects of Citrus maxima fruit extracts in alloxan diabetic rats.