Petrol price is likely to decrease by Rs2 per litre but High Speed Diesel (HSD) may hike by Rs3.62 per litre from January 1, 2025.
According to industry sources, there is no supply and demand problem in the international market, but the geopolitical situation, especially the situation in Syria and how the new US leadership will deal with global issues, creates uncertainty. POL prices are changing at this time.
The premium on petroleum stands at $8.69 per barrel. The increase in diesel price by Rs3.62 per litre is likely while petrol prices may reduce by over Rs2 per litre.
For the next fortnight, the price of petrol may remain at Rs250. 20 paise per litre, while the price of diesel is likely to be Rs259 per litre, after an increase of Rs3.62 per litre.
The new price of light diesel oil (LDO) is estimated at Rs3.30 paise, while the price of kerosene is estimated to be Rs151.97 per litr with an increase of Rs3.03 per litre.
The price of kerosene is likely to increase marginally by Rs0.05 per litre to Rs161.71 per litre.
