Fuel prices likely to decrease in Pakistan as the government considers new reductions for petrol, diesel, and kerosene. According to sources, high-speed diesel may be cut by Rs11.85 per litre, while petrol could fall by 36 paisas per litre.
Kerosene oil is expected to see a reduction of Rs11.70 per litre, and light diesel oil may decrease by Rs10.01 per litre. The proposed adjustments come as part of ongoing efforts to provide relief to consumers amid fluctuating global oil rates.
The Oil and Gas Regulatory Authority (OGRA) will submit its price recommendations to the federal government today. After receiving approval from the Prime Minister, the Petroleum Division will officially announce the revised rates.
Once the reductions take effect, petrol prices are expected to drop to Rs263.09 per litre, and high-speed diesel may be priced at Rs267.80 per litre. Kerosene oil is likely to cost Rs181.16 per litre, while light diesel oil may be available at Rs153.76 per litre.
Earlier, on November 30, the government announced a smaller reduction in petroleum prices. Petrol rates were cut by Rs2 per litre, and high-speed diesel saw a Rs4.79 decrease. The revised price of high-speed diesel currently stands at Rs279.65 per litre.
Experts note that fuel prices likely will continue to fluctuate depending on international crude oil rates, exchange rate trends, and domestic demand. Consumers are advised to monitor official announcements for the final approved rates.
The proposed cuts are expected to ease transportation costs and reduce the overall burden on households. Traders and transporters may benefit from lower fuel expenses, potentially impacting the prices of goods and services across the country.
With fuel prices likely to decline, Pakistanis may experience some financial relief in early December, though authorities caution that global market conditions will continue influencing domestic petroleum rates.
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