OMCs estimate falls in gasoline and diesel prices; OGRA to finalize recommendations as global oil prices fall
ISLAMABAD:
Consumers are expected to get relief in petroleum prices from January 16, 2026. Rates of petroleum products may be reduced by up to Rs 5.49 per liter during the fortnight starting January 16, following a fall in global oil prices.
Estimates are based on the current Petroleum Levy (PL) and Customs Sales Levy (CSL) on petroleum products. Currently, the government charges Rs 82.12 per liter (PL+CSL) on petrol and Rs 77.91 per liter on high speed diesel (HSD). According to estimates by oil marketing companies, a drop in petrol prices of Rs4.59 per liter is expected. Another cut of Rs 2.70 per liter is expected in HSD prices. Similarly, a reduction of Rs 1.82 per liter is estimated for kerosene, while light diesel fuel (LDO) could see a reduction of Rs 2.08 per litre. The Oil and Gas Regulatory Authority (Ogra) and relevant ministries will prepare their recommendations on January 15 and forward them to the Petroleum Division, which will announce the final prices of petroleum products on the same day, taking into account the budgetary targets for the current financial year for PL and CSL.
According to estimates, the price of petrol may fall by Rs253.17 to Rs248.58 per litre, while that of HSD may fall by Rs257.08 to Rs254.38 per litre. Similarly, the price of kerosene is expected to fall from Rs170.88 to Rs169.06 per litre, and that of LDO from Rs146.18 to Rs144.10 per litre.
