Islamabad: Diesel and Petrol prices in Pakistan are expected to fall starting December 16, offering motorists some relief at the pump, according to sources.
Petrol and Diesel to See Price Drops
Preliminary calculations indicate that petrol could decrease slightly by Rs 0.36 per litre, while high-speed diesel may drop significantly by Rs 11.85 per litre. Kerosene oil and light diesel are also likely to fall by Rs 11.70 per litre and Rs 10.01 per litre, respectively.
Approval Process Underway
The Oil & Gas Regulatory Authority (OGRA) is scheduled to submit the proposed price adjustments for approval on December 15. Once the Prime Minister endorses the changes, the Petroleum Division will issue the official notification of the new rates. If implemented, petrol will cost Rs 263.09 per litre, high-speed diesel Rs 270.80, kerosene oil Rs 181.16, and light diesel Rs 153.76.
Adjusting Margins for Oil Companies
The government is also reviewing profit margins for Oil Marketing Companies (OMCs) and dealers. The Petroleum Division submitted a proposal to the Economic Coordination Committee (ECC), recommending a revised margin structure that accounts for operational costs of Pakistan State Oil (PSO) and other fuel dealers. This follows a September 2023 ECC decision directing OGRA to set margins through a transparent process.
Industry Response
The proposed margin adjustments have sparked debate within the industry. The Oil Companies Advisory Council (OCAC) requested a Rs 7.87 per litre increase, totaling Rs 10 per litre for OMCs and dealers. Meanwhile, the Oil Marketing Association of Pakistan (OMAP) sought an Rs 8.13 per litre increase, totaling Rs 16 per litre for combined margins.
Current Fuel Rates
As of early December 2025, petrol costs around Rs 263.45 per litre, following recent government-mandated reductions. High-speed diesel is priced at approximately Rs 279.65 per litre. Fuel prices in Pakistan are updated every two weeks.
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