ISLAMABAD: Petroleum prices in Pakistan are expected to decline by up to Rs4.59 per litre from January 16 for the next fortnight, according to government and industry estimates.
Petrol prices are likely to drop by Rs4.59 per litre, while high-speed diesel (HSD) may be reduced by Rs2.70. Kerosene is expected to fall by Rs1.82, and light diesel oil (LDO) by Rs2.08 per litre.
The anticipated reduction follows fluctuations in global oil markets, driven by geopolitical risks, supply concerns and shifting demand patterns. Recent moves by the United States to tighten control over Venezuelan crude exports have added downward pressure on international oil prices, though market uncertainty continues to cause volatility.
Oil market analysts project further price declines in 2026, after global benchmarks lost nearly 20% in 2025. Brent crude is forecast to average below $60 per barrel, while West Texas Intermediate (WTI) is expected to hover around $50 per barrel, with potential for further declines.
If approved, revised domestic prices would stand at approximately Rs248.58 per litre for petrol, Rs254.38 for HSD, Rs169.06 for kerosene, and Rs144.10 for LDO.
In the last price review, the government had already reduced petrol and HSD prices by Rs10.28 and Rs8.57 per litre, respectively.