Petrol price cut to Rs263.45 per litre: OGRA

ISLAMABAD: Prime Minister Shehbaz Sharif has approved a reduction in the prices of petroleum products effective from December 1, 2025.

The Oil and Gas Regulatory Authority (OGRA) had earlier moved the summary to the prime minister.

The price of petrol has been reduced by Rs2 per litre, bringing the new prices to 263.45. Meanwhile, high-speed diesel has seen a larger reduction of Rs4.79 per litre, with the new rate set at Rs279.65 per litre.

The Finance Ministry confirmed that the revised prices of petroleum products will come into effect from midnight tonight.

The latest adjustment comes as part of the government’s fortnightly review aimed at providing relief to consumers amid fluctuating global oil prices.

The anticipated downward trend comes after increased global supplies, following the reopening of units at Kuwait’s Al-Zour Refinery, one of the largest refining complexes in the Gulf. Earlier, supply disruptions had pushed diesel prices higher, with the federal government raising HSD rates by Rs6 in the previous fortnightly review.