Business
A major drop in the prices of petroleum products is likely with the arrival of the New Year. – SUCH TV
Good news for inflation-hit people as a big cut in the prices of petroleum products has been proposed.
Sources told the such TV channel that there was a proposal to slash the price of each liter of petrol by Rs10.60.
If approved, they added, petrol, which was presently available at Rs263.45 per liter, would be available at Rs252.85 per liter.
Similarly, sources informed, there was a proposal to cut the price of each liter of diesel by Rs8.59.
Following the approval, one liter of diesel, which is presently being sold for Rs265.65, will be sold for Rs257.06.
Likewise, sources went on to say, there was also a suggestion to reduce the price of one liter of kerosene oil by Rs8.92 and that of one liter of light diesel by Rs6.62.
If approved, the new prices will take effect from January 1, 2026.