Oil prices may decrease due to stabilization of rupee value, crude oil prices have also decreased in the global market.
Sources Ministry of Finance has revealed the possibility of reduction in the prices of petroleum products tonight. The price of petrol and diesel may decrease tonight due to the fall in the value of the dollar and the stability of the value of the rupee. Crude oil prices have also decreased in the global market. will make the final decision.
It is further informed that the price of petroleum products may decrease from October 1, after which the price of petrol is expected to decrease by Rs.18 per liter, the price of high speed diesel is expected to decrease by Rs.14 per liter and light diesel The price of oil may decrease by Rs 12 per litre, similarly kerosene may also become cheaper by Rs 10 per litre.
Sources from the Petroleum Division have learned that the price of crude oil has decreased by 2 percent in the global market, from $101 per barrel to $99 per barrel, while the value of the rupee against the dollar has also fallen by 10.5 rupees. There has been an increase, due to which the prices of petroleum products can be reduced from October 1.
However, sources from the Petroleum Division have said that there is no possibility of a large reduction in the prices in case of increasing the petroleum levy, but even if the petroleum levy is maintained, there is a strong possibility of a reduction of 18 rupees per liter. But Rs 60 per liter petroleum development levy is being collected, similarly Rs 50 per liter levy tax is being collected on diesel while about Rs 22 to 23 per liter customs duty is also being collected on petrol and diesel.
Let us tell you that the caretaker federal government has increased the price of petrol by 58 rupees 43 paise per liter since August 15, the price of high speed diesel has been increased by 55 rupees 83 paise per liter while the prices of diesel and petrol have increased. I was last cut in mid-July.