Petrol Prices Likely to Fall Again This Week
Petrol prices in Pakistan are expected to drop again from January 16, following a major cut at the start of the New Year. The revision is awaiting final approval from Prime Minister Muhammad Shehbaz Sharif.
Officials estimate that petrol may decrease by Rs4.59 per litre, high-speed diesel by Rs2.70, kerosene oil by Rs1.82, and light diesel oil by Rs2.08 per litre. This comes after a significant reduction on January 1, 2026, when petrol prices fell by Rs 10.28 per litre and diesel by Rs 8.57 per litre.
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The proposed cut reflects trends in global oil markets, where international petrol prices recently dropped from $69.27 to $66.54 per barrel. Lower customs duties and exchange rate adjustments also contributed to the decline in domestic ex-refinery prices.
Officials say the formal notification will be issued once the prime minister approves the revision. Consumers can expect continued relief at fuel pumps, easing household and transport costs after the New Year’s initial reductions.
With international oil prices trending downward, the move is seen as a positive step for Pakistan’s economy and a boost for commuters and businesses alike.
