Commuters in Pakistan may get some relief as the government prepares to announce new Petrol prices for the second half of January 2026. The update comes amid ongoing fluctuations in global oil rates and changes in the US dollar exchange rate.
Over the past two months, Petrol prices have already dropped by Rs12 per liter. Sources suggest a possible further reduction of Rs4-5 per liter, which could bring the price below Rs250 per liter for the first time since November 2024. If confirmed, the new rates would offer a modest but welcomed relief to motorists across the country.
In the last fortnight review, the government reduced Petrol prices by Rs10 per liter when global crude oil was $60 per barrel. Today, crude prices have risen slightly to $63 per barrel, and the US dollar has strengthened from Rs278 to Rs280. Analysts note that these changes make a significant price cut less likely, with a small increase or no change being more probable. The final decision will be announced by the Ministry of Finance tonight, following recommendations from OGRA.
Petrol prices in Pakistan have seen major fluctuations in recent years. The highest recorded price was Rs331 per liter in September 2023, while the lowest was Rs247 per liter in September 2024. In 2025, prices ranged between Rs252 in May and Rs272 in July. Currently, Petrol stands at Rs253 per liter.
Government levies and taxes continue to influence final prices. Each liter of Petrol currently includes Rs78.02 as petroleum levy, Rs2.50 as climate support levy, and Rs14.37 as customs duty. Although global oil costs have eased slightly, these charges keep retail prices relatively high.
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Tonight’s announcement will be closely watched nationwide. Consumers hope the decision will bring relief, while analysts note the delicate balance between global crude rates, the US dollar, and government levies in determining Petrol prices in Pakistan.
