Petrol prices in Pakistan likely to drop again

Ministry of Finance will after consultation with OGRA and approval from PM Shehbaz
Employees at a fuel station attend to their customers in Islamabad on February 16, 2022. — AFP
Employees at a fuel station attend to their customers in Islamabad on February 16, 2022. — AFP

The federal government is expected to drop the petroleum prices once again for a fourth consecutive time for the next fortnight (January 16, 2026 to January 31, 2026) with an aim at providing a major relief to Pakistanis.

According to estimates prepared by the government and industry sources, petrol may drop by Rs4.59 per litre, high-speed diesel (HSD) by Rs2.70, kerosene by Rs1.82 and light diesel oil (LDO) by Rs2.08 per litre.

However, these are just rumours, circulating online. Ministry of Finance will announce official petroleum prices on January 15 midnight, which will be effective from January 16 till January 31, after consultation with the Oil and Gas Regulatory Authority (OGRA) and approval from Prime Minister Shehbaz Sharif.

If petrol price is reduced, then it will surely benefit household budgets, particularly for low- and middle-income families, who are already struggling with high inflation.

Expected petrol price in Pakistan from January 16

Fuel typeCurrent priceExpected priceDifference
PetrolRs253.17 per litreRs248.58 per litre- Rs4.59
High speed diesel
Rs257.08 per litreRs254.38 per litre- Rs2.70