Consumers can expect some relief in fuel prices in the upcoming review of petroleum rates.
Petrol prices are likely to drop by Rs2.49 per litre, bringing the cost down from Rs257.13 to Rs254.64.
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High-speed diesel (HSD) is expected to see a bigger reduction of Rs10 per litre, lowering the price from Rs267.95 to Rs257.95.
Kerosene oil may also become cheaper, with a potential decrease of Rs3.45 per litre, bringing its price down from Rs174.85 to Rs171.40.
Similarly, light diesel oil (LDO) could see a Rs5.60 per litre drop, reducing its cost from Rs161.06 to Rs155.46.
These adjustments are based on current global oil prices, petroleum levies, a stable exchange rate, and government taxes.
In the past two weeks, Brent crude prices fell by 1.4% to $74.14 per barrel, while WTI dropped 1.5% to $70.33. Market trends have shifted from concerns over supply shortages to expectations of stable availability, partly due to a slight increase in Russian crude production.
