2026 Starts with Relief: Government Slashes Petrol Prices by Rs. 10
Carr.pk
As predicted earlier this morning, the federal government has announced a significant decrease in petroleum prices as a New Year’s gift for 2026. This relief follows the downward trend in the international oil market and will take effect from January 1, 2026.
Revised Fuel Prices (Effective Jan 1, 2026)
| Product | Old Price (Rs.) | New Price (Rs.) | Decrease (Rs.) |
| Diesel | 265.65 | 257.08 | -8.57 |
| Petrol | 263.45 | 253.17 | -10.28 |
Why have Diesel and Petrol Prices Reduced?
Three key factors are driving the price reduction:
- Global Oil Drop: International crude prices (Arab Light) fell by 2.5%, from $63.69 to $62.10 per barrel.
- Cheaper Refined Products: International market prices for petrol and diesel dropped significantly by 7.0% and 5.8%, respectively.
- Stable Currency: The PKR remained stable against the US Dollar (varying only 0.1%), ensuring the benefit of lower global oil prices wasn’t lost to devaluation.
