ISLAMABAD: Pakistan has begun the New Year with significant relief for consumers, as the government has reduced petrol prices by Rs10.28 per litre for the next fortnight, effective from January 1, 2026.
The decision follows recommendations from the Oil and Gas Regulatory Authority (OGRA) and the relevant ministries.
In a notification on late Wednesday, the Petroleum Division said that the new price of petrol has been set at 253.17 per litre after a cut of Rs10.28.
High-Speed Diesel (HSD) prices reduced
High-Speed Diesel (HSD) prices have also been reduced by Rs8.57 per litre, bringing the rate down from Rs265.65 to Rs257.08.
In the previous review, the government had reduced the price of high-speed diesel (HSD) by Rs 14 per litre while keeping the price of petrol unchanged.
Decline linked to global oil prices
Officials said the latest reduction reflects lower global oil prices. Industry projections had earlier indicated a drop in ex-refinery and ex-depot rates across major petroleum products.
HSD is widely used in the transport and agriculture sectors. A reduction in its price is expected to ease cost pressures.
Kerosene oil remains an important fuel for cooking in northern areas where LPG supplies are limited.
The government currently charges Rs. 75.41 per litre as petroleum levy (PL) and Rs. 2.50 per litre as marine freight (CSL) on HSD.
Petrol carries a PL of Rs. 97.62 per litre along with Rs. 2.50 per litre CSL. There is no sales tax on any of these products.
