Micro-pore structures are an essential factor for the electrical properties of porous rock. Theoretical electrical conductivity models considering pore structure can highly improve the accuracy of reservoir estimation. In this study, a pore structure characterization method based on a multi-fractal theory using capillary pressure is developed. Next, a theoretical electrical conductivity equation is derived based on the new pore structure characterization method. Furthermore, a distinct interrelationship between fractal dimensions of capillary pressure curves () and of resistivity index curves ( and ) is obtained. The experimental data of 7 sandstone samples verify that the fitting result by the new pore structure characterization method is highly identical to the experimental capillary pressure curves, and the accuracy of the improved rock resistivity model is higher than the Archie model. In addition, capillary pressure curves can be directly converted to resistivity index curves according to the relationship model between fractal dimensions of capillary pressure curves () and resistivity index curves ( and ). This study provides new ideas to improve the accuracy of pore structure characterization and oil saturation calculation; it has good application prospects and guiding significance in reservoir evaluation and rock physical characteristics research.