Petrol prices in Pakistan are expected to decline from January 1, 2026, as reports suggest a significant cut may be announced, offering relief to consumers facing high fuel costs.
According to local media reports, petrol prices are likely to decrease by Rs 10.60 per litre for the next fortnight, effective from the new year.
The report further stated that the price of high-speed diesel may also be reduced by Rs 8.59 per litre during the same period.
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Similarly, light diesel oil (LDO) prices are expected to fall by Rs 6.62 per litre, while kerosene oil may see a reduction of Rs 8.92 per litre.
If approved, the revised petrol price would decline from Rs 263.09 to approximately Rs 252.85 per litre. High-speed diesel prices are expected to drop from Rs 267.80 to around Rs 259.21 per litre.
These anticipated reductions are based on pricing calculations prepared by the Oil and Gas Regulatory Authority (OGRA), according to the report.
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The report said OGRA is expected to forward its fuel price recommendations to the Petroleum Division on December 31 for further processing.
After receiving the summary, the Petroleum Division will seek final approval from Prime Minister Shehbaz Sharif before officially announcing the new fuel prices.
Once approved, the revised prices will be notified and implemented nationwide for the upcoming fortnight starting January 1st, 2026.
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In the previous fortnight, the federal government kept petrol prices unchanged at Rs 263.45 per litre.
However, during the same period, the price of high-speed diesel was reduced by Rs 14, bringing it down to Rs 265.65 per litre.
Fuel price adjustments in Pakistan are reviewed every fifteen days, taking into account international oil prices and exchange rate fluctuations.
