Petrol prices may be reduced by up to Rs 5.49 per liter for a fifteen-day period starting from January 16. This estimate has been made in view of the decline in global oil prices. It is important to note that these estimates are based on the current rates of petroleum levy and carbon levy.
According to sources, the government is currently charging Rs 82.12 per liter on petrol and Rs 77.91 per liter on high-speed diesel (including petroleum levy and carbon levy). Meanwhile, estimates by oil marketing companies suggest that petrol prices may decrease by Rs 4.59 per liter. Similarly, high-speed diesel prices are expected to drop by Rs 2.70 per liter, kerosene prices by Rs 1.82 per liter, and light diesel oil (LDO) prices by Rs 2.08 per liter.
OGRA and the relevant ministries will finalize price calculations on January 15 and forward their recommendations to the Petroleum Division. Later the same day, new prices will be announced while keeping in view the petroleum levy and carbon levy targets set for the current fiscal year.
Sources further stated that, according to estimates, the price of petrol may decrease from Rs 253.17 to Rs 248.58 per liter, while high-speed diesel prices are likely to fall from Rs 257.08 to Rs 254.38 per liter. Likewise, kerosene prices may drop from Rs 170.88 to Rs 169.06 per liter, and light diesel oil prices may decline from Rs 146.18 to Rs 144.10 per liter.
On the other hand, prices have also declined in the global market, where petrol prices have fallen to $5.03 per barrel and high-speed diesel to $3.20 per barrel.
It may be recalled that in the previous fortnightly review, the federal government announced a reduction in petroleum product prices effective from January 1, 2026. As a result, high-speed diesel prices were reduced by Rs 8.57 per liter, bringing the new price down from Rs 265.65 to Rs 257.08 per liter. Similarly, the price of motor spirit (petrol) was reduced by Rs 10.28 per liter, falling from Rs 263.45 to Rs 253.17 per liter.
