Petrol price likely to be reduced from January 16

Get ready for some good news in Pakistan! From January 16, 2024, the price of petrol is likely to be reduced. This drop is happening because the cost of crude oil worldwide is going down, and the Pakistani rupee is doing well.

The petrol price in Pakistan is expected to decrease by Rs10 per litre in the next fortnightly review set to take place on January 15. If the petrol prices decrease in Pakistan, the new price of petrol per litre will be Rs257.34 from January 16, 2024 to January 31, 2024.

The last adjustment in petrol prices in Pakistan took place on December 15, 2023, setting it at Rs267.34 per litre. These prices will not be changed in the fortnightly review conducted on January 1, 2024.

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Diesel prices in Pakistan are likely to go down by Rs2 per litre, thanks to what’s happening in the global market. And it’s not just diesel – the prices of kerosene oil and light diesel oil are also expected to drop by around Rs2 per litre.

Though, approval about petrol prices in Pakistan cannot be attained until the fortnightly review on January 15, after which the government will officially announce the updated petrol prices.