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Pakistan Weighs New‑Year Fuel Price Cuts as OGRA Summary Goes to Government

Officials plan to set the next fortnight’s rates after OGRA’s review, reflecting lower global oil benchmarks.

Overview

  • Media reports cite proposed per‑litre reductions of Rs10.60 for petrol, Rs8.59 for high‑speed diesel, Rs9 for kerosene, and Rs6.62 for light diesel, effective January 1 if approved.
  • OGRA is expected to submit its pricing summary on December 31, with a federal announcement anticipated that night following review.
  • Outlets attribute the potential adjustment to a recent decline in international oil prices.
  • Current fortnightly fuel rates remain in effect through December 31, with any revised prices to start from January 1.
  • Daily Times reports the process includes Petroleum Division notification after prime ministerial approval, alongside ongoing planning for future petroleum levy collections.