A pilot type pressure regulator has: a primary port to which air is supplied from the outside; and a secondary port discharging air regulated by a main valve body provided to a main valve shaft. A main valve diaphragm abutting on an abutting end surface of the main valve shaft partitions an inner space into a secondary pressure chamber communicating with the secondary port and a pilot pressure chamber to which pilot pressure is supplied. This pressure regulator has an exhaust mechanism exhausting air from the secondary pressure chamber to the outside when pressure of the secondary port exceeds a set value. In the exhaust mechanism, a stopper holding a sealing material in a guide hole is inserted from the side close to a main valve hole, that is, an inner end portion.