The upcoming fortnightly review is anticipated to bring minimal changes to petroleum product prices, with a slight decrease expected for diesel and kerosene.
The stability is attributed to the recent decrease of global crude prices, with industry officials projecting a marginal increase of Rs0.19 per litre for petrol, while high-speed diesel (HSD) is expected to decline by Rs6.24 per litre, and kerosene by Rs2.82 per litre. Moreover, light speed diesel may see a decrease of Rs4.27 per litre.
While estimated exchange adjustments are zero for petrol and Rs1.80 per litre for HSD, potential changes due to exchange losses are yet to be factored in for the next review. The country evaluates fuel prices every fortnight based on global energy market costs and rupee-dollar parity, with global oil prices experiencing downward pressure in November.
