Petroleum prices in Pakistan are expected to ease from January 16 for the next fortnight, offering some much-needed relief to households and businesses already burdened by high living costs.

According to estimates by government and industry sources, the price of petrol may fall by up to Rs4.59 per litre, while high-speed diesel (HSD) could see a reduction of Rs2.70.

Kerosene prices are expected to drop by Rs1.82 per litre, and light diesel oil (LDO) by Rs2.08, a move that could help lower transportation and energy expenses, particularly for lower-income communities and rural areas.

The anticipated decline is linked to changes in the international oil market, influenced by geopolitical developments, supply uncertainties, and shifting global demand.

Increased US control over Venezuelan crude exports has put downward pressure on global oil prices, although ongoing uncertainty continues to cause fluctuations.

Looking ahead, oil market analysts broadly expect prices in 2026 to remain lower than in 2025, a year when global oil benchmarks lost nearly 20% of their value.

Brent crude is projected to average below $60 per barrel, while West Texas Intermediate (WTI) may hover around $50, with the possibility of further declines.

If current projections hold, revised prices could stand at Rs248.58 per litre for petrol, Rs254.38 for HSD, Rs169.06 for kerosene, and Rs144.10 per litre for LDO.

These reductions would build on the government’s previous price review, in which petrol and diesel prices were cut by Rs10.28 and Rs8.57 per litre, respectively.

For many citizens, even modest reductions in fuel prices can translate into meaningful relief, helping ease daily expenses and supporting livelihoods amid ongoing economic pressures.