Petroleum product prices in Pakistan are expected to fall from January 16, with petrol projected to drop by Rs4.59 per litre, according to estimates from government and industry sources.
The reduction will also affect other fuels, with high-speed diesel (HSD) expected to decline by Rs2.70 per litre, kerosene by Rs1.82, and light diesel oil (LDO) by Rs2.08 per litre. The revised prices are anticipated to stand at Rs248.58 per litre for petrol, Rs254.38 for HSD, Rs169.06 for kerosene, and Rs144.10 for LDO.
The expected decrease is attributed to fluctuations in the international oil market, influenced by geopolitical risks, supply concerns, and changing demand dynamics.
A key factor contributing to the recent downward pressure on global oil prices is the United States’ increased control over Venezuelan crude oil exports. Despite this, ongoing uncertainties continue to create volatility, causing prices to oscillate in both directions.
Market forecasters predict that 2026 may see further declines in global oil prices compared to 2025, when benchmarks lost nearly 20% of their value. Brent crude is expected to average below $60 per barrel, while West Texas Intermediate (WTI) may hover around $50 per barrel, with the potential to fall even lower during the year.
This adjustment comes after the previous price review, in which the government had already reduced petrol and high-speed diesel rates by Rs10.28 and Rs8.57 per litre, respectively.
Analysts say the latest cuts will provide modest relief to consumers facing high fuel costs and may have a limited easing effect on transport and commodity prices across the country.
Authorities will finalize and officially announce the revised rates ahead of the January 16 implementation, allowing businesses and motorists to plan accordingly. The government continues to monitor international trends closely to adjust domestic fuel prices in line with global benchmarks.
