Pakistanis may start the new year with cheaper fuel, as global petroleum prices have declined significantly. The fall in international rates is expected to affect the domestic petrol price and diesel rates.
According to industry reports, the international price of crude oil dropped from $75.05 per barrel to $69.73 per barrel in late December. This represents a decline of $5.32 per barrel. Similarly, diesel prices fell from $84.27 to $79.92 per barrel, a reduction of $4.35.
Experts suggest that with the global decline in petroleum prices, Pakistanis could see a notable decrease in domestic fuel rates at the start of 2026. However, the final petrol price and diesel rates will be determined by the government.
Currently, the petrol price in Pakistan stands at Rs 263.45 per litre, while diesel is priced at Rs 265.65 per litre. The anticipated price cut could bring relief to millions of commuters, businesses, and households.
The reduction in fuel costs is expected to positively impact transportation expenses and daily commuting costs. Businesses reliant on fuel may also benefit, reducing operational expenses and improving overall economic activity.
Analysts note that any adjustment in the petrol price will depend on government policies and taxation. While global rates are a major factor, domestic considerations such as taxes and subsidies will determine the final retail prices.
Consumers are advised to monitor official announcements from the Oil and Gas Regulatory Authority (OGRA) and the Ministry of Energy for updated fuel rates.
In other news read more about New Official Prices For Pulses, Rice, And Spices Announced in Karachi
With the new year approaching, the potential drop in petrol price offers welcome relief for many across Pakistan. It is expected to ease financial burdens and contribute to smoother economic activity in the early months of 2026.
