In a pressure regulator, a valve element nozzle is supported by a diaphragm, which partitions between an inlet portion and an outlet portion. The outlet portion includes an inner cover and an outer cover. The inner cover receives an adjusting spring in an inside space of the inner cover. A primary communication hole is formed in the inner cover to oppose the valve element nozzle, and a secondary communication hole is formed in the inner cover at a location, which is on a radially outer side of the primary communication hole. The outer cover covers the inner cover and thereby forms a fuel space, which is communicated with the inside space through the primary and secondary communication holes, at a location between the inner cover and the outer cover.