Pakistan is likely to receive further relief on fuel prices as another reduction is expected to take effect from January 16. If approved, this will be the fourth consecutive decrease in petroleum prices, easing pressure on consumers amid rising living costs.
According to officials involved in the pricing process, petrol prices are expected to drop by up to Rs. 4.59 per litre.
If this reduction is implemented, the new petrol price may fall to around Rs. 248.58 per litre, compared to the current rate of Rs. 253.17. High-speed diesel is also expected to become cheaper by up to Rs. 2.70 per litre, bringing its price close to Rs. 254.38 per litre.
Other fuel products may also see price cuts. Kerosene oil is likely to be reduced by Rs. 1.82 per litre, while light diesel oil may become cheaper by up to Rs. 2.08 per litre. These reductions are expected to benefit households, transport services, and small businesses that rely heavily on fuel.
Officials said that initial calculations for the new prices have already been completed. The Oil and Gas Regulatory Authority (OGRA) will send its formal recommendations to the Petroleum Division on January 15. After review and approval by the prime minister, the final prices will be announced officially.
Earlier this month, the government had already reduced fuel prices as part of a New Year relief package. Petrol was cut by Rs. 10.28 per litre, while high-speed diesel was reduced by Rs. 8.57 per litre.
If the latest proposal is approved, consumers can expect further relief at fuel stations from January 16, continuing the trend of falling fuel prices in Pakistan.
