Petroleum product prices in Pakistan are expected to decrease significantly starting December 1, 2025, following a sharp decline in international oil prices. Sources indicate that petrol prices may drop by Rs. 3.75 per litre, while high-speed diesel could see a reduction of Rs. 6.10 per litre.
Kerosene prices are expected to fall by Rs. 0.73 per litre, and light diesel oil may become cheaper by Rs. 6.35 per litre, offering some relief to consumers amid rising living costs.
Oil companies have completed the necessary calculations for the proposed price adjustments and submitted them to the Oil and Gas Regulatory Authority (OGRA). The regulatory authority is now preparing a summary of the recommended changes, which will be forwarded to the Ministry of Finance.
The Ministry, in consultation with the Prime Minister, is scheduled to announce the revised petroleum prices for the next 15-day period on November 30. Once approved, the new rates will take effect from December 1.
This adjustment comes at a time when global oil markets have experienced a noticeable decline, creating favorable conditions for reducing domestic fuel prices.
The reduction in petroleum costs is expected to ease pressure on transport costs, industrial operations, and household budgets, given that fuel prices significantly influence the overall cost of living in the country.
Industry analysts suggest that these cuts, while modest, will provide temporary relief to consumers and may have a positive impact on inflation, especially in sectors heavily reliant on transportation and energy. However, experts also caution that international oil prices can fluctuate, and further revisions in domestic petroleum rates may be necessary if global trends change.
Overall, the upcoming price adjustment demonstrates the government’s responsiveness to global market conditions and its effort to balance the needs of consumers with the financial and operational requirements of oil companies. Consumers are advised to monitor official announcements from the Ministry of Finance to confirm the final rates and prepare accordingly for the revised petroleum prices effective December 1.
