Petroleum prices in Pakistan are expected to decline by up to Rs11.85 per litre for the next fortnight, offering potential relief to consumers amid ongoing cost-of-living pressures, according to sources cited by ARY News on Monday.
Industry sources indicate that the price of high-speed diesel may be reduced by Rs11.85 per litre, while petrol is expected to see a marginal cut of 36 paisas per litre. The proposed revisions also include a reduction of Rs 11.70 per litre in kerosene oil and Rs 10.01 per litre in light diesel oil.
Officials said the Oil and Gas Regulatory Authority (OGRA) is scheduled to forward its price recommendations to the federal government today. Following approval by the prime minister, the Petroleum Division will formally notify the public of the revised fuel prices.
Read: Government Cuts Petrol, Diesel Prices for Next Fortnight
If approved, the new prices would bring petrol down to Rs263.09 per litre and high-speed diesel to Rs267.80 per litre. Kerosene oil is expected to fall to Rs181.16 per litre, and light diesel oil to Rs153.76 per litre.
The proposed reductions follow the government’s previous adjustment announced on November 30, when petrol prices were lowered by Rs2 per litre to ease public burden. At the same time, the price of high-speed diesel was cut by Rs 4.79 per litre, bringing it to Rs 279.65 per litre.
Fuel pricing in Pakistan is reviewed fortnightly and is influenced by global oil trends, exchange rate movements, and applicable taxes. Any final decision will depend on government approval.
