ISLAMABAD: The federal government has formally set the updated rates for petroleum products. The Petroleum Division of the Ministry of Energy released a notification validating the adjustments, which are scheduled to come into force tonight at midnight.
The cost of petrol remains fixed at PKR 263.45 per liter showing no changes. Nevertheless, unexpectedly, the government declared a PKR 14 cut in diesel prices setting the rate at PKR 265.65 per liter.
The updated fuel rates will come into effect starting 12:00 AM tonight. It will instantly affect transportation and various sectors dependent on petroleum products.
The government’s move to reduce diesel prices offers a welcome respite to numerous industries reliant on diesel for their functions. This step is anticipated to ease the burden on both consumers and enterprises.
The Ministry of Energy’s Petroleum Division has emphasized that the price adjustments are in line with global market trends and exchange rate fluctuations.
Yesterday it was reported that petrol and diesel costs are anticipated to decrease starting December 16 2025 due to a fall in worldwide crude oil prices.
Reports indicate that petrol prices might fall by 36 paisa per liter whereas high-speed diesel (HSD) prices may decline by Rs 11.85 per liter. A major national newspaper states that buyers may gain from a cut of up to Rs 11.70, per liter.
The final decision on the revised petroleum product prices will be made after the approval of the Prime Minister and the new rates are expected to come into effect on December 16.
This modification is because worldwide oil prices are still unstable, which is good news for consumers in the face of increasing living costs.
