It is possible that petroleum product prices will drop prior to the budget’s adoption. According to sources, as of June 16, the cost of petroleum products is anticipated to drop by over 9 rupees, while kerosene may see a price drop of Rs 2 and light diesel by Rs 4.10.
It is anticipated that the price of gasoline will drop by Rs9.28.
It is anticipated that the cost of high-speed diesel will drop by Rs4 per liter.
Tomorrow, the government will receive the petroleum product summary from OGRA. After consulting with the Ministry of Finance, the Prime Minister will determine whether to lower the prices.
The government will make a decision while considering the necessary revenue.
