Home TRENDING PRICES FOR HSD AND PETROL SHOULD DROP.

PRICES FOR HSD AND PETROL SHOULD DROP.

PRICES FOR HSD AND PETROL SHOULD DROP.

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As of August 1, the nation’s petroleum product prices are predicted to drop.

There were fears that the petroleum dealers, most of whom were corrupt and involved in fuel hoarding, would not pass on the full benefit of cross-subsidy to the motorbike owners and demand higher prices. PHOTO: afp

Media estimates suggest that the price of petrol could decrease by up to Rs3 per litre, and the price of high-speed diesel (HSD) could decrease by up to Rs8.50 per litre.

The drop in the price of crude oil globally is also expected to result in a reduction of Rs9.11 per litre in the cost of kerosene oil.

The Oil and Gas Regulatory Authority (OGRA) will provide the government with the final petroleum price report, according to Ministry of Petroleum Division sources.

On July 31, the finance minister will declare the new petroleum pricing as directed by the prime minister.

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