Petrol and Diesel Prices Likely to Drop Sharply from January 1
Petrol and diesel prices in Pakistan are expected to see a major cut from January 1, 2026, following a decline in international oil prices and easing fuel spreads.
Market estimates suggest the price of Motor Spirit (petrol) may fall by around Rs9.16 per litre, while High-Speed Diesel (HSD) could become cheaper by nearly Rs9.96 per litre. The expected reduction is linked to lower global crude rates over the past fortnight.
According to Arif Habib Limited (AHL), the fall in ex-refinery prices may partially be adjusted to increase Oil Marketing Company (OMC) margins by about Rs0.61 per litre in the upcoming pricing cycle.
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In the previous fortnight, the federal government had already announced a modest cut in fuel prices. Petrol was reduced by Rs2.00 per litre to Rs263.45, while HSD prices were lowered by Rs4.79 per litre to Rs279.65.
If approved, the fresh cut would provide significant relief to consumers and transporters at the start of the new year, easing inflationary pressure linked to fuel costs.
