Petroleum prices in Pakistan are expected to see a significant reduction of up to Rs12 per litre from December 16, according to official sources. The relevant departments have completed initial calculations, and the proposal is now awaiting formal approval.

Under the proposed adjustments, petrol is expected to become cheaper by 36 paisas per litre, while high-speed diesel may see a substantial reduction of Rs11.85 per litre. Similarly, the price of kerosene oil is likely to drop by Rs11.70, and light diesel oil by Rs10.01 per litre.

The Oil and Gas Regulatory Authority (OGRA) is scheduled to forward a summary of the proposed price cuts to the government on December 15. Following the prime minister’s approval, the Petroleum Division will issue an official notification.

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