Overview
- Media reports citing official sources say petrol could fall by roughly Rs10.60 per litre from January 1, with high-speed diesel expected to drop about Rs8.59, subject to approval.
- OGRA is slated to finalize and forward price recommendations on December 31, after which Prime Minister Shehbaz Sharif must sign off before an official notification.
- The government is expected to announce the next fortnight’s rates on the night of December 31, pending review of OGRA’s summary.
- Based on the current petrol price near Rs263.45 per litre, the proposed cut would put the pump rate around Rs252.85–Rs253.45 if confirmed, with reported reductions also indicated for kerosene and light diesel.
- Reports attribute the anticipated relief to softer global oil prices, while IMF filings show planned petroleum levy collections and a Rs2.5-per-litre climate support levy increase from July 1, 2026.