Petroleum prices in Pakistan are expected to decline from January 16, offering some relief to consumers amid ongoing economic pressure. According to government and industry estimates, the petrol price may fall by Rs4.59 per litre for the next fortnight, driven by changes in the international oil market.
Sources indicate that high-speed diesel could see a reduction of Rs2.70 per litre, while kerosene oil is likely to become cheaper by Rs1.82 per litre. Meanwhile, light diesel oil is expected to drop by Rs 2.08 per litre. The anticipated cuts are linked to lower global crude oil prices influenced by geopolitical risks, shifting supply conditions, and fluctuating demand.
Global oil markets have remained volatile after the United States tightened control over Venezuelan crude exports, which pushed prices downward. However, uncertainty in key regions has continued to cause price swings. Market analysts predict that oil prices in 2026 may decline further compared to 2025, when global benchmarks lost nearly 20 percent of their value.
Forecasts suggest that Brent crude may average below 60 dollars per barrel below, while West Texas Intermediate could remain around 50 dollars per barrel, with potential for further declines during the year.
If current projections hold, revised prices could stand at Rs248.58 per litre for petrol, Rs254.38 for diesel, Rs169.06 for kerosene, and Rs144.10 per litre for LDO. Previously, the government had already reduced petrol and diesel prices significantly in the last review.
