Consumers in Pakistan may finally get some respite from rising fuel costs as petrol and diesel prices are expected to decrease starting October 16, 2025, following a decline in global crude oil rates.

According to early estimates from the oil industry, petrol prices could fall by Rs6.10 per litre, while high-speed diesel (HSD) is likely to see a smaller reduction of Rs1 per litre. The price of kerosene oil is expected to decrease by Rs2.75 per litre, and light diesel oil may drop by Rs1.64 per litre, offering modest relief to consumers across the country.

Sources confirmed that the Oil and Gas Regulatory Authority (OGRA) has received updated pricing data from local oil marketing companies and is currently finalizing its report. The summary will be forwarded to the Ministry of Finance, which will make the final decision after reviewing the impact of global market trends and exchange rate fluctuations.

Once approved, the new prices will be implemented at midnight on October 16, with an official notification expected a day earlier.

However, industry officials cautioned that any potential increase in petroleum levy (PL) or sales tax by the government could offset the anticipated reduction. Such fiscal adjustments are often made to maintain revenue targets agreed upon under ongoing economic stabilization efforts.

As of October 1, 2025, the existing prices of petroleum products stand at:

• Petrol (Super): Rs268.68 per litre
  
• High-Speed Diesel: Rs276.81 per litre
  

The possible drop in prices comes as global oil markets witness a downward trend due to easing demand forecasts and improved supply stability from major oil-producing countries. Analysts believe the decline reflects a temporary reprieve for developing economies like Pakistan, where fuel costs significantly influence inflation and consumer purchasing power.

The government’s final decision will depend on OGRA’s recommendation, international market movements, and local fiscal considerations. For now, motorists and businesses alike are hopeful that the expected reduction will be approved, offering much-needed financial relief amid persistent economic challenges.