Significant Petrol Price Drop Expected This Week
Great news for motorists! A significant petrol price drop is anticipated this week across Pakistan. This reduction follows a substantial cut earlier this year, promising continued relief for consumers. Prime Minister Muhammad Shehbaz Sharif’s final approval is pending. However, initial estimates suggest positive adjustments for various petroleum products.
Details of the Expected Fuel Price Reduction
Preliminary official estimates indicate a notable petrol price drop by approximately Rs. 4.59 per litre. High-speed diesel prices are also projected to decline by Rs. 2.7 per litre. Furthermore, kerosene oil may fall by Rs. 1.82 per litre. Light diesel oil could experience a reduction of Rs. 2.8 per litre. These approved figures will significantly ease household budgets and transportation expenses.
Previously, a substantial cut was announced on January 1, 2026. Petrol prices were slashed by Rs. 1.28 per litre, reducing them from Rs. 263.45 to Rs. 253.17 per litre. Similarly, high-speed diesel saw a significant Rs. 8.57 per litre reduction, bringing its price down to Rs. 257.8.
Key Factors Driving the Latest Petrol Price Drop
Officials attribute the proposed price revision to a comprehensive review. This includes global oil market trends and domestic economic indicators. The international oil market has recently shown a downward trend, consequently playing a crucial role in these domestic adjustments.
Specifically, on January 11, the international price of petrol dropped by $2.74 per barrel. It moved from $69.27 to $66.54 per barrel. The petrol premium also decreased by $0.13 per barrel, settling at $5.1. These international shifts, combined with reduced customs duty and favorable exchange rate adjustments, have collectively contributed to lower ex-refinery prices. For instance, the ex-refinery price of petrol decreased by Rs. 6.51 per litre. An additional reduction of Rs. 0.68 per litre is attributed to exchange adjustments.
Anticipated Impact and Future Fuel Outlook
The consistent petrol price drop is highly beneficial for consumers. It could significantly ease daily commute expenses and business logistics. Lower fuel costs often create a ripple effect throughout the economy. This impacts everything from food prices to transportation services. Consequently, households might enjoy more disposable income. Meanwhile, businesses could see a slight reduction in operational costs.
The outlook remains positive for this week’s fuel adjustments. The government, furthermore, continues to monitor international oil prices and local economic conditions closely. A formal notification for the latest price revision is expected after the Prime Minister’s final approval. This ensures due process and transparency in these crucial economic decisions.
