Pakistanis are expected to welcome the New Year with a reduction in fuel prices as global petroleum rates continue to decline.
According to international market reports, crude oil prices have dropped to $69.73 per barrel from $75.05 per barrel, marking a significant decrease of $5.32 per barrel by the end of December 2025. Similarly, global diesel prices have fallen by $4.35 per barrel, going from $84.27 to $79.92 per barrel.
This global decline is expected to directly impact domestic fuel rates, providing potential relief to consumers, businesses, and transport operators across Pakistan. Currently, the petrol price in Pakistan stands at Rs. 263.45 per liter, while diesel is priced at Rs. 265.65 per liter. Experts predict that the anticipated price cut could lower these rates significantly once the government finalizes the decision.
The reduction in petroleum prices is being welcomed as a positive development amid rising living costs and inflation in the country. Commuters, logistics companies, and households are likely to benefit the most from the drop in fuel rates, which will ease transportation and operational costs.
While the government has yet to officially announce the new domestic fuel prices, analysts believe that the January 1, 2026, revision could mark one of the most substantial decreases in recent months. The potential cut in petrol and diesel prices comes as a timely relief, giving a boost to economic activity and providing financial respite to millions of Pakistanis.