Petrol Price Drop Expected From January 16
Petrol Price Drop is expected once again this week as petroleum product prices may be reduced from January 16 providing further relief to consumers.
The proposed price revision will come into effect after final approval by Prime Minister Muhammad Shehbaz Sharif.
Officials say the move follows favorable international oil market trends and domestic economic indicators.
Expected Reduction In Petrol Price
Petrol Price Drop estimates suggest a reduction across multiple fuel categories.
According to official projections:
- Petrol price may be reduced by Rs 4.59 per litre
- High speed diesel may drop by Rs 2.70 per litre
- Kerosene oil price may fall by Rs 1.82 per litre
- Light diesel oil may see a cut of Rs 2.08 per litre
The final rates will be confirmed through an official notification after approval.
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Earlier Petrol Price Reduction In January
The expected Petrol Price Drop follows a major cut announced on January 1 2026.
During the first fortnight of the year:
- Petrol price was reduced by Rs 10.28 per litre
- Petrol price fell from Rs 263.45 to Rs 253.17 per litre
- High speed diesel price was cut by Rs 8.57 per litre to Rs 257.08
This marked one of the largest price reductions in recent months.
International Oil Prices Trend
Petrol Price Drop calculations are closely linked to global oil prices.
On January 11 international petrol prices declined by $2.74 per barrel falling from $69.27 to $66.54 per barrel.
The petrol premium also decreased by $0.13 per barrel to $5.01 contributing to lower import costs.
Factors Behind Price Revision
Officials said several factors contributed to the expected Petrol Price Drop including:
- Lower international oil prices
- Reduced customs duty
- Exchange rate adjustments
The ex refinery price of petrol dropped by Rs 6.51 per litre while exchange adjustments reduced prices further by Rs 0.68 per litre.
Historical Context Petrol Price In Pakistan
Pakistan reviews petroleum prices twice a month based on international market movements exchange rates and government taxes.
Price adjustments are aimed at balancing consumer relief with fiscal sustainability making fuel pricing a critical economic policy tool.
Frequently Asked Questions FAQs
What is the expected petrol price drop
Petrol prices may decrease by Rs 4.59 per litre from January 16.
Will diesel prices also be reduced
Yes high speed diesel is expected to drop by Rs 2.70 per litre.
When will the new prices be announced
Prices will be announced after final approval by the prime minister.
Why are fuel prices falling
Due to lower international oil prices reduced duties and exchange rate adjustments.
Is the price cut confirmed
No it is subject to final government approval and official notification.
Official Information Source
For global oil market updates visit:
https://www.opec.org
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