The Petroleum Division has released a fresh notification announcing a decrease in the prices of key petroleum products. This adjustment comes after the Oil and Gas Regulatory Authority (OGRA) submitted its recommendations. OGRA evaluates fuel prices every two weeks, considering fluctuations in international oil markets as well as changes in the exchange rate.

The revised petroleum rates have been implemented from December 1, 2025, and will remain in place for the next 15 days. The purpose behind this adjustment is to offer some relief to the public, especially as global petroleum markets begin to show signs of stability.

According to the new proposal, the price of petrol has been reduced by Rs 2 per litre. With this cut, the new petrol rate now stands at Rs 263.45, down from the previous Rs 265.45. This decline in petrol prices is expected to bring down transportation costs and may help ease inflation in the short term.

Since many people rely on services like InDrive, Bykea, and Yango, the drop in fuel prices could also lead to lower ride charges, making daily travel more affordable. Authorities have stated that if global market trends continue to improve, there may be room for further reductions in the future.

A notable decrease has also been applied to High-Speed Diesel (HSD). The rate has been brought down by Rs 4.79 per litre, shifting from Rs 284.44 to Rs 279.65 per litre. Since diesel is essential for freight movement and agricultural machinery, this cut is likely to benefit transporters, businesses, and farmers alike.

According to the Petroleum Division, these pricing revisions result from an in-depth assessment of global oil movements and domestic economic indicators. OGRA’s recommendations have played a major role in guiding the government’s decision to set the new fuel prices. Officials have stated that the government will continue to review these rates every two weeks to maintain transparency and fairness in the pricing process.

Credit: Independent News Pakistan (INP)