A pixel structure of a transflective liquid crystal display array substrate includes a first patterned conductive layer, a second patterned conductive layer and a transparent patterned conductive layer. The first patterned conductive layer is formed on a substrate and includes a first part coupled to a pixel electrode voltage. The second patterned conductive layer includes a first part coupled to a common electrode voltage. The transparent patterned conductive layer is coupled to the pixel electrode voltage. The first part of the second patterned conductive layer and the first part of the first patterned conductive layer form a first storage capacitor. The first part of the second patterned conductive layer and the transparent patterned conductive layer form a second storage capacitor. A method for fabricating the pixel structure of the transflective liquid crystal display array substrate is also disclosed.