Overview
- Media reports say the next fortnightly review could lower petrol by about Rs10.60 per litre from January 1, 2026, subject to government approval.
- High-speed diesel is expected to drop by roughly Rs8.59 per litre, with kerosene down about Rs9 and light diesel by Rs6.62 per litre, according to reports.
- OGRA is due to finalise its recommendations on December 31 and forward them to the Petroleum Division for the prime minister’s approval before any notification.
- The current petrol price is listed at about Rs263.45 per litre, implying a new rate near Rs253 per litre if the reported cut is endorsed.
- Separate IMF-related documents cited in coverage indicate multiyear petroleum levy targets and a planned Rs2.5 per litre climate support levy increase starting July 1, 2026.