The federal government is likely to reduce petroleum product rates for the next fortnight, starting December 1, 2025 amid declining prices in the international market.
As per local media reports, petrol and high-speed diesel (HSD) are expected to come down by Rs 3.75 per liter and Rs 6.10 per liter respectably.
International crude benchmarks, Brent recorded a drop of 2.5% with average price $63.43 per barrel during the November 17–27 review period, while WTI dropped 1.4% to $59.04. Arab Light also dropped 2.2% to $65.61 per barrel.
Meanwhile, the Oil and Gas Regulatory Authority (Ogra) will reportedly submit its pricing summary to the Ministry of Finance by November 30. Although the official decision is still three days away, a reduction in petroleum prices is broadly anticipated.
The Ministry of Finance is expected to announce the revised fuel prices on November 30, with the new rates taking effect for the following 15 days.
It should be noted that the Ministry will seek the Prime Minister’s approval before finalizing the announcement.
