ISLAMABAD: Federal government has announced on Wednesday a substantial decrease in the rates of petroleum products effective from January 1, 2026.
In a statement, Petroleum Division has announced that the ex-depot price of petrol has been decreased by Rs 10.28 per litre and high speed diesel (HSD) by Rs 8.57 per litre for fortnight starting from January 1, 2026.
The reduction in the prices of petroleum products have been decided in line with the recommendations of Oil and Gas Regulatory Authority (OGRA). Falling international oil price helped cut petroleum product prices.
READ MORE: HSD price slashed by Rs14; petrol’s kept unchanged
New ex-depot price of petrol has fixed at Rs 253.17 per litre from Rs 263.45 per litre, whereas, the price of HSD has been reduced from Rs 265.65 to Rs 257.08 per litre.
Current petroleum levy on petrol is Rs 79.62 per liter, while HSD carries a levy of Rs 75.41 per liter. The climate support levy of Rs2.5 per liter is applied separately to both petrol and diesel.
Copyright Business Recorder, 2026