Petrol prices in Pakistan are likely to decrease by up to Rs4.59 per litre, according to sources. High-speed diesel may also drop by Rs2.70 per litre.
Kerosene oil is expected to see a reduction of Rs1.82 per litre, while light diesel oil could be lowered by up to Rs2.08 per litre. Officials say initial work for the downward revision is complete.
The Oil and Gas Regulatory Authority (OGRA) will forward its price recommendations to the Petroleum Division on 15 January. After approval by the prime minister, the Petroleum Division will officially announce the revised petrol prices for consumers.
This comes after a New Year relief move, when the government had reduced petrol prices by Rs10.28 per litre. At that time, the new petrol rate was fixed at Rs253.17 per litre.
The reduction was part of the government’s policy to provide relief to consumers at the start of the year. High-speed diesel prices were also revised, with a cut of Rs8.57 per litre, bringing the rate to Rs257.08 per litre.
Analysts say the new proposed decrease could further ease the financial burden on consumers. Falling fuel costs may also reduce transportation and commodity prices across the country.
Officials advise consumers to wait for the formal announcement before filling fuel, as the new rates will apply only after approval by the Petroleum Division.
The government has emphasized its commitment to monitoring global oil trends and passing relief to consumers whenever feasible. This proactive approach aims to balance market stability with public benefit.
With the expected revisions, Pakistanis may see another short-term relief in petrol prices, continuing the trend of adjustments made since the start of the year.
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