As the new year approaches, there is encouraging news for people across Pakistan who rely on fuel for daily travel and business.
Reports suggest that petroleum prices may see a noticeable reduction from January 1, 2026, offering some financial relief to households already dealing with high living costs.
According to market expectations, petrol prices are likely to go down by over Rs. 10 per litre, while diesel rates may also drop by nearly Rs. 9 per litre.
Other fuel products, including kerosene oil and light diesel oil, are also expected to become cheaper. If approved, this reduction would bring petrol prices closer to Rs. 253 per litre, compared to the current higher rates.
Officials indicate that these proposed changes are part of the routine fortnightly price review process. The Oil and Gas Regulatory Authority is expected to finalize its recommendations and forward them to the Petroleum Division. Once the prime minister gives approval, the revised prices will be officially announced.
In recent weeks, fuel prices have remained relatively stable, with only limited adjustments. However, global oil market trends and exchange rate movements have created space for a downward revision this time. If implemented, the cut would mark a positive start to 2026 for transporters, commuters, and small businesses.
At the same time, the government continues to plan long-term revenue measures linked to petroleum products, including gradual increases in levies in coming years under international commitments.
For now, though, the expected price cut is being viewed as welcome news especially as families prepare for the expenses of the new year.
If confirmed, the reduction could ease transport costs and slightly lower inflationary pressure in the weeks ahead.
