Overview
- Media reports cite lower international prices as the driver for expected cuts of about Rs10.60 per litre for petrol and Rs8.59 for high-speed diesel, with smaller reductions for kerosene and light diesel.
- OGRA is expected to submit its pricing summary on December 31, and changes require Prime Minister Shehbaz Sharif’s approval before notification.
- The government is expected to announce the fortnightly review on the night of December 31 for prices to take effect on January 1, 2026.
- If approved, petrol could drop from roughly Rs263.45 per litre to about Rs252.85–Rs253.45 based on the reported reduction.
- Separately, documents shared with the IMF project rising petroleum levy receipts over five years and signal a Rs2.5 per litre climate levy increase from July 1, 2026.