Petrol and other petroleum product prices in Pakistan are expected to decline for the fourth consecutive fortnight from January 16, according to local media reports citing official sources on Tuesday.
Read More: Petrol price slashed by Rs 10.28, diesel by Rs 8.57 for next fortnight
Preliminary calculations indicate that petrol prices may be reduced by up to Rs4.59 per litre, while high-speed diesel could see a cut of up to Rs2.70 per litre. Kerosene oil is projected to fall by Rs1.82 per litre, and light diesel oil may decrease by around Rs2.08 per litre if the proposed adjustments are approved.
Officials familiar with the matter said the initial working for a downward revision in petroleum rates has been completed. The Oil and Gas Regulatory Authority (Ogra) is expected to submit its formal pricing summary to the Petroleum Division on January 15. After review, the proposal will be forwarded for final approval by the prime minister, following which the revised prices will be notified for consumers.
If confirmed, the upcoming adjustment would extend a trend of declining petroleum prices attributed to easing global crude rates and currency stability. It would also follow the government’s earlier New Year relief decision, announced in late December, which lowered petrol and diesel prices substantially.
Under that revision, petrol prices were reduced by Rs10.28 per litre, bringing the benchmark retail rate down to Rs253.17 per litre. High-speed diesel prices fell by Rs8.57 per litre to Rs257.08 per litre. The government said the move was part of its policy to pass on international market relief to domestic consumers.
Read More: Pakistan Slashes Petrol Prices Amid Global Market Shift
Fuel prices in Pakistan are reviewed twice a month, with adjustments influenced by global oil benchmarks, freight costs, refinery margins, exchange rates, and government tax structures. The anticipated cuts, if implemented, would provide modest relief for motorists and transporters amid persistent inflationary pressures in the wider economy.