Pakistan is expected to Witness Petrol Price Drop on New Year’s Eve, according to industry sources and official forecasts. Petrol prices, likely to drop in the country, have created anticipation among motorists and businesses. The reduction is expected to affect multiple fuel types, including high-speed diesel (HSD), light diesel oil (LDO), and kerosene.
The Oil and Gas Regulatory Authority (OGRA) has submitted its price recommendations to the Petroleum Division. After approval from Prime Minister Shehbaz Sharif, the new rates will take effect from January 1, 2026. Petrol is projected to decrease by Rs 10.60 per litre, while HSD may drop by Rs 8.59. LDO and kerosene are expected to see reductions of Rs6.62 and Rs8.92 per litre, respectively.
This fortnightly fuel price adjustment comes after a previous period of price stability, when petrol rates remained largely unchanged. The reductions aim to provide relief to consumers while reflecting global oil market trends and domestic pricing policies. The government also projects petroleum development levy collections over the next five years, as per the IMF petroleum projections. A climate support levy is expected to rise by Rs2.5 per litre starting July 2026.
Analysts suggest that the petrol price drop will positively impact transportation costs and daily expenses across Pakistan. The adjustments highlight a responsive approach by authorities to maintain economic balance while supporting citizens during the new year. Additionally, diesel and kerosene users are likely to benefit from reduced operational costs.
As Pakistan prepares for these new rates, motorists and businesses are advised to stay updated through official announcements from OGRA and the Petroleum Division. The anticipated petrol price drop on New Year’s Eve signals a positive change for households and the broader economy.
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Pakistan is expected to witness a petrol price drop on New Year’s Eve, with HSD, LDO, and kerosene reductions easing fuel costs nationwide.
