The possibility of a significant reduction in the prices of petroleum products
A sharp fall in petroleum product prices in early 2024 due to lower demand and higher oil production, a sharp decline in petroleum product prices due to lower international oil prices and an improvement in the value of the rupee against the dollar. It is possible. There is a strong possibility of reduction in the prices of petrol and diesel from tonight, petrol is likely to be cheaper by Rs 9 per litre, diesel price is likely to decrease by Rs 2 per litre. The price of light diesel is expected to decrease by Rs 1 70 paise while kerosene is likely to be cheaper by Rs 1 80 paise. Regarding the prices of petroleum products, OGRA will send its summary to the Ministry of Petroleum, the final decision will be taken after consulting the caretaker Prime Minister.
It should be noted that currently petrol is being sold at 267 rupees 34 paisa and diesel at 276 rupees 21 paisa across the country. The government had decided to maintain the prices of petrol and diesel on the occasion of the beginning of the new year, according to which diesel The price per liter was maintained at Rs 276 21 paise and petrol price was maintained at Rs 267 34 paise per litre. According to the notification, kerosene oil was approved to be cheaper by Rs 2 19 paise per litre, after which the new price of kerosene oil became Rs 193 21 paise.
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