Oil prices are likely to drop by as much as Rs 6.36 per liter from December 1

• Petrol price is expected to come down by Rs 3.70 per litre.
• The price of high-speed diesel may come down by Rs 4.28 per litre.
• The expected cuts follow improving supply conditions in the Gulf.

Oil prices in Pakistan are set to come down from December 1, 2025, for the next two weeks, with cuts of up to Rs 6.35 per litre, according to industry and government sources. The News reported on Saturday.

The expected relief is 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.

According to preliminary calculations based on 13 days of data, the price of petrol is expected to decrease by Rs3.70 per litre, falling from Rs265.45 to a projected Rs261.75. The price of high-speed diesel (HSD) may also be reduced by Rs 4.28 per litre, bringing it down to Rs 280.16, compared to the current Rs284.44.

Similarly, kerosene price is likely to decline modestly by Rs0.73, bringing it down to an estimated Rs193.61 from Rs194.34. Also, Light Diesel Oil (LDO) is projected to see the steepest decline, with a reduction of Rs 6.35 per litre, bringing the price down from Rs 170.80 to Rs 164.45.

The expected downward trend follows the improvement of supply conditions in the Gulf region.

In the previous fortnightly review, the federal government kept the price of petrol at Rs 265.45 per litre, following recommendations by the Oil and Gas Regulatory Authority (Ogra).

However, high speed diesel (HSD) prices were hiked by Rs 6 from Rs 278.44 to Rs 284.44 per litre.

This was reportedly because diesel supplies had been limited due to maintenance work at the Kutais refinery in Kuwait and the temporary shutdown of two units at the Al-Zour refinery.

With these facilities back in operation, supply shortages have eased, stabilizing the market and putting downward pressure on international oil prices.

Further supporting the expected price cuts is the drop in global crude prices. Brent crude fell 1.44% to $62.47 a barrel, while WTI crude fell 1.68% to $58.83 a barrel.

Officials say improved refinery output and lower crude prices have created favorable conditions for Pakistan to pass on the benefit to consumers in the upcoming price revision.