Motorists across Pakistan checking fuel prices after 16 January 2026 will notice one clear outcome: no change. The federal government has kept petrol and diesel rates steady for the second half of January, ending speculation of a mid-month cut.
Latest Fuel Prices (Effective 16–31 January 2026)
| Fuel Type | Price per Litre (PKR) | Status |
|---|---|---|
| Petrol | Rs253.17 | Unchanged |
| High-Speed Diesel (HSD) | Rs257.08 | Unchanged |
Why Prices Stayed the Same
Despite public expectations of relief, several factors narrowed the government’s options:
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Global oil movement: International crude prices edged higher in recent weeks, limiting room for domestic cuts.
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Currency pressure: A firmer US dollar raised import costs, offsetting earlier gains from lower oil prices.
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Fiscal constraints: Fuel pricing remains tightly linked to revenue targets and levy commitments.
Energy analysts had cautioned that any reduction would be modest at best, given the delicate balance between global markets, exchange rates, and domestic finances.
Expectations vs. Reality
Consumers were hopeful after petrol prices had already eased over the past two months. Market chatter suggested a further Rs4–5 per litre reduction that could have pushed prices below the Rs250 mark for the first time in over a year. That scenario did not materialize.
The Levy Factor
A significant portion of the pump price comes from taxes and levies. Under commitments tied to the International Monetary Fund, petroleum levies are set to rise gradually in the coming fiscal year. These charges continue to limit the impact of short-term swings in global oil prices on local rates.
What to Watch Next
Fuel prices are reviewed every 15 days. Any movement in international crude, the exchange rate, or government tax policy will shape the next decision at the end of January.
Prices shown are official and apply nationwide unless revised by the government.
This article is published for informational and educational purposes only. nise.org.pk is not an official government website and is not affiliated with any government department. Readers are advised to verify all information from official sources before taking any action.
