The Government of Pakistan has announced a reduction in petroleum product prices, effective from January 1, 2026, providing relief to consumers amid changing global market conditions. According to the official notification, the price of petrol has been reduced by PKR 10.28, bringing the new rate to PKR 253.17 per liter. Similarly, high-speed diesel prices have been cut by PKR 8.57, with the revised price set at PKR 257.08 per liter.
Officials stated that the decision was taken following a decline in international oil prices, which created room for downward adjustment in domestic fuel rates. The price reduction is expected to ease transportation costs and reduce overall inflationary pressure on essential goods and services.
Fuel prices play a critical role in Pakistan’s economy, directly affecting transportation, power generation, and daily commuting expenses. A decrease in petrol and diesel rates may offer temporary financial relief to households and small businesses, particularly those reliant on fuel for operations.
The government continues to monitor global energy markets and has indicated that further price adjustments will depend on international trends and economic conditions. The latest revision reflects efforts to balance consumer relief with fiscal stability.
