Petrol and diesel costs decline in Pakistan as crude oil rates fall

Petrol and diesel costs decline in Pakistan as crude oil rates fall

Petrol and diesel costs dropped significantly following a clear fall in global crude oil rates. File photo

January, 12 2026

LAHORE (Web Desk): Petrol and diesel costs have dropped significantly in Pakistan following a clear fall in global crude oil rates, raising hopes of relief for consumers soon.

Reports indicate that the price of crude oil per barrel fell by 2 dollars 74 cents, decreasing from 69.27 dollars to 66.54 dollars per barrel.

Petrol premium also saw a reduction of 13 cents per barrel, dropping from 5 dollars 14 cents to 5 dollars 1 cent. Additionally, customs duty on petrol fell by 72 paisa per liter, while exchange adjustment was reduced by 68 paisa per liter.

As a result, petrol’s ex-refinery price decreased by a total of Rs6,51 per liter, bringing it down from Rs145,57 to Rs139,6 per liter. Analysts consider this a major step toward reducing fuel prices nationwide.

Diesel prices also recorded a significant drop. Crude oil for diesel fell by 2 dollars 33 cents per barrel, from 76.32 dollars to 73.99 dollars per barrel. Customs duty on diesel was reduced by 80 paisa per liter, and exchange adjustment dropped by 35 paisa per liter.

After a reduction of Rs5,33 per liter, diesel’s ex-refinery price is now Rs149,99 per liter.

Experts say if this trend continues in the global market, further reductions in petrol and diesel prices are possible, which could ease inflationary pressures for the public.

The recent fall in global oil prices is giving hope to Pakistani consumers. Petrol and diesel are becoming more affordable, and continued drops could bring real relief from rising living costs. Monitoring global markets will be key in the coming weeks.