Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On December 1

Consumers in Pakistan are set to experience a slight dip in fuel prices as the government announced revised rates for petrol and diesel, effective today, December 1, 2025. The adjustments, based on the recommendations of the Oil and Gas Regulatory Authority (OGRA), reflect fluctuations in international oil prices.

The price of petrol has been reduced by Rs 2 per litre, bringing the new price to Rs 263.45. High-speed diesel (HSD) has seen a more significant decrease of Rs 4.79 per litre, setting the new rate at Rs 279.65. These prices will remain in effect for the next fortnight.

Here's a quick look at the revised prices:

• Petrol: Rs 263.45 per litre
• High-Speed Diesel: Rs 279.65 per litre
• Light Speed Diesel: Rs 159.76 per litre

The anticipated price cuts are attributed to increased global supplies following the revival of several units at Kuwait's Al-Zour Refinery, one of the largest refining complexes in the Gulf region. Industry and government sources initially projected even steeper declines, with petrol expected to decrease by Rs 3.70 per litre and HSD by Rs 4.28 per litre. Light Diesel Oil (LDO) was projected to register the steepest reduction, with a cut of Rs 6.35 per litre. However, the final adjustments were slightly less than these initial forecasts.

High-speed diesel is the primary fuel used in the transport and agriculture sectors, so a reduction in its price is expected to have a positive impact on the lives of many people. Petrol is mainly used in private vehicles, motorcycles and smaller vehicles, so the price change impacts the budgets of middle- and lower-middle-class citizens.

The government continues to levy significant taxes on petroleum products, even though the General Sales Tax (GST) remains at zero. Consumers are currently paying Rs 79.50 per litre in petroleum levy (PL) and climate support levy (CSL) on high-speed diesel and Rs 80.52 per litre on petrol. Customs duties of approximately Rs 17-18 per litre are also applied to both petrol and HSD, regardless of whether they are locally produced or imported. Additionally, around Rs 17 per litre accounts for distribution and sales margins for oil companies and their dealers.

Internationally, crude oil prices have experienced some fluctuations. Brent crude averaged $63.43 per barrel, a decrease of 2.5% from the previous cycle, while WTI slipped 1.4% to $59.04.

While Pakistan sees price decreases, Bangladesh has revised fuel prices upward by Tk 2 per litre, effective from December 1, to maintain a smooth and affordable supply of petroleum products.