Petrol prices in Pakistan are expected to decline significantly on New Year’s Eve, offering some relief to consumers as the country enters 2026, according to media reports citing official sources.
Sources told that the price of petrol is likely to be reduced by Rs10.60 per litre for the next fortnight, effective from January 1, 2026. If approved, the price of petrol would fall from Rs263.09 per litre to around Rs252.85 per litre.
Read More: Pakistan Slashes Petrol Prices Amid Global Market Shift
High-speed diesel (HSD) is also expected to see a notable cut of Rs8.59 per litre. This would bring the price of HSD down from Rs267.80 to approximately Rs259.21 per litre. In addition, the price of light diesel oil (LDO) may be reduced by Rs6.62 per litre, while kerosene oil is likely to become cheaper by Rs8.92 per litre.
نئے سال پر عوام کو تحفہ ملنے کا امکان ہے، پیٹرولیم مصنوعات کی قیمتوں میں 10 روپے 60 پیسے فی لیٹر تک کمی کا امکان ہے۔
سال نو پر پیٹرولیم مصنوعات کی قیمتوں میں کمی متوقع ہے۔
ذرائع کے مطابق پیٹرولیم مصنوعات کی قیمتوں میں 10 روپے 60 پیسے فی لیٹر تک کمی کا امکان ہے، پیٹرولیم… pic.twitter.com/4CXytdChXi
— SAMAA TV (@SAMAATV) December 30, 2025
According to the sources, the Oil and Gas Regulatory Authority (OGRA) will finalise and forward its price recommendations to the Petroleum Division on December 31. The proposed changes will then require approval from Prime Minister Shehbaz Sharif before the Petroleum Division formally notifies the revised prices.
In the previous fortnight, the government kept petrol prices unchanged at Rs263.45 per litre, while reducing the price of high-speed diesel by Rs14 per litre. The expected cut this time would mark another consecutive adjustment aimed at easing the burden on consumers amid fluctuating international oil prices.
Meanwhile, Pakistan has shared its projections for petroleum development levy collections with the International Monetary Fund (IMF) for the next five years. According to the submitted documents, the government expects levy collections of Rs1,468 billion in the current fiscal year, rising steadily to Rs2,212 billion by 2029-30.
Read More: Petrol Price Cut Announced for Next Two Weeks
The projections also indicate that a climate support levy will increase by Rs2.5 per litre starting July 1, 2026, highlighting the government’s longer-term plans to boost revenue from petroleum products despite periodic price relief for consumers.