There is a strong possibility that petroleum prices in Pakistan will be reduced from January 16, following a noticeable decline in crude oil prices in the international market.
According to industry sources, the government is reviewing the latest global oil trends, which may translate into relief of up to Rs. 4.59 per litre for consumers in the upcoming pricing cycle.
Petrol and Diesel Prices Cut Across Pakistan
Petrol and Diesel Prices Expected to Drop in Pakistan from 16 January
Expected Price Reduction Details
-
Petrol: Likely to become cheaper by Rs. 4.59 per litre
-
High-Speed Diesel (HSD): Expected reduction of Rs. 2.70 per litre
The potential cut comes as global crude oil prices continue to soften, easing pressure on import costs. Pakistan revises petroleum prices on a fortnightly basis, taking into account international rates, exchange movements, and applicable taxes.
What This Means for Consumers
If approved, the reduction would offer short-term relief to households and businesses already struggling with high fuel and transport costs. Any change will officially take effect after a final notification is issued by the federal government.
Market observers note that while global trends are currently favorable, the final decision will depend on fiscal considerations and revenue requirements.
An official announcement regarding revised petroleum prices is expected closer to January 16.
