Petrol, Diesel Prices Adjusted for New Year: City-Specific Rates on January 1

As the calendar turns to January 1, 2026, changes in petrol and diesel prices have been announced, impacting consumers across various cities. These revisions, influenced by global crude oil prices and economic factors, will affect transportation costs and household budgets.

In Pakistan, the federal government has reduced the prices of petrol and high-speed diesel (HSD) for the next two weeks, effective January 1, 2026. The price of petrol has been decreased by Rs10.28 per litre, bringing the new rate to Rs253.17 per litre. Similarly, the price of high-speed diesel has been reduced by Rs8.57 per litre, setting the new rate at Rs257.08 per litre. These revisions come as a relief to citizens and were made based on recommendations from the Oil and Gas Regulatory Authority (OGRA). The previous prices were Rs263.45 per litre for petrol and Rs265.65 per litre for high-speed diesel.

The price adjustments are part of a broader effort to align domestic fuel prices with international crude oil rates. The government's decision to lower these prices aims to ease inflationary pressures and provide financial relief to the public at the start of the new year. Without additional levies or taxes, consumers can expect meaningful relief. The expected reduction should lead to lower transportation and commodity costs, offering broader economic benefits in the weeks ahead.

Elsewhere, in Europe, specifically Luxembourg, fuel prices have increased on January 1, 2026. SP95 petrol has climbed by 1.8 cents to reach 1.41€/litre, while SP98 petrol has increased by 1.6 cents to 1.539€/litre. Diesel also saw a 1.6 cents increase, bringing the price to 1.389€/litre.

In Ghana, consumers can anticipate a slight decrease in fuel costs at the start of the new year. Petrol prices are projected to decrease by 2.40% to 4.80%, potentially settling at GH¢11.90 per litre. Diesel prices are also expected to fall by up to 3.77%, possibly pricing a litre at around GH¢12.50. Liquefied Petroleum Gas (LPG) is also expected to decrease by up to 2.19%, potentially costing approximately GH¢13.40 per kilogram. These projected decreases are mainly attributed to declining crude oil prices and refined petroleum products on the international market, coupled with the strengthening of the local currency against the US dollar.

These changes in fuel prices reflect the interplay of global economic factors, government policies, and currency exchange rates. For consumers, these adjustments can have a noticeable impact on daily expenses and transportation costs.