Petrol price expected to fall Rs4.59 per litre from Jan 16
Fuel prices likely to drop again as global oil markets soften, offering possible relief to consumers amid ongoing economic pressures.
Mudassar Chudhry – Government and industry estimates suggest petrol prices may fall by Rs4.59 per litre, while high-speed diesel could become cheaper by Rs2.70. Kerosene prices are expected to drop by Rs1.82 per litre, and light diesel oil by Rs2.08.
The expected price reduction is linked to changes in global oil prices, influenced by geopolitical tensions, supply-side uncertainties, and shifting international demand patterns.
Following the United States’ increased control over Venezuelan crude oil exports, global oil prices came under downward pressure. However, persistent uncertainty has caused prices to oscillate in both directions.
The prices of petroleum products may be reduced up to Rs 5.49 per litre for fortnight starting from January 16 following declining global oil rates.
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— Business Recorder (@brecordernews) January 14, 2026
Oil market forecasters have largely predicted that prices in 2026 will fall further than in 2025, when global benchmarks lost nearly 20% of their value.
Brent crude is forecast to average below $60 per barrel, while West Texas Intermediate (WTI) is expected to hover around $50 per barrel, with the possibility of falling even lower during the year.
Based on current projections, the revised prices are expected to stand at Rs248.58 per litre for petrol, Rs254.38 for HSD, Rs169.06 for kerosene and Rs144.10 per litre for LDO.
Gold Rates in Pakistan Today – 14 January 2026
In the previous price review, the government slashed petrol and high-speed diesel prices by Rs10.28 and Rs8.57 per litre, respectively.
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