Petroleum prices in Pakistan are likely to see a significant reduction for the next fortnight, with cuts of up to Rs11.85 per litre expected. The proposed relief could offer some respite to consumers amid ongoing inflationary pressures.
Read More: Petrol prices in Pakistan likely to rise from December 15
Sources said the price of high-speed diesel (HSD) may be reduced by Rs11.85 per litre, while petrol is expected to see a marginal decrease of 36 paisas per litre. Kerosene oil could become cheaper by Rs11.70 per litre, and light diesel oil by Rs10.01 per litre.
The Pakistani government plans to reduce petroleum prices by up to Rs 11.85 per litre starting December 16 due to declining international oil prices, though consumers may not see the full benefits due to increased profit margins for oil companies. https://t.co/BUd5ONsXVo pic.twitter.com/hQ1vM3iKg9
— Investify Pakistan (@investifypk) December 13, 2025
The Oil and Gas Regulatory Authority (OGRA) is expected to forward its recommendations to the federal government on Monday. Once approved by the prime minister, the Petroleum Division will officially notify the revised prices for the next 15 days.
If the proposal is approved, the price of petrol is expected to fall to Rs263.09 per litre, while high-speed diesel may be priced at Rs267.80 per litre. Kerosene oil is likely to cost Rs181.16 per litre, and light diesel oil Rs153.76 per litre.
The anticipated reduction follows a previous price cut announced by the government on November 30, when petrol prices were reduced by Rs2 per litre to provide relief to the public. At the same time, the price of high-speed diesel was lowered by Rs4.79 per litre.
Following that revision, the price of high-speed diesel currently stands at Rs279.65 per litre. Fuel prices in Pakistan are reviewed every fortnight and are influenced by fluctuations in global oil prices, exchange rate movements, and applicable taxes and levies.
Read More: Petroleum prices likely to drop by up to Rs6.35 per litre from Dec 1
Any decrease in petroleum prices is closely watched, as fuel costs have a direct impact on transportation expenses and overall inflation. The final decision will depend on the federal government’s approval after reviewing OGRA’s recommendations.