High-speed diesel (HSD) prices are likely to fall by about Rs11.50 per litre from August 16, while petrol may see a small increase of Rs1.40 per litre for the next two weeks.
The expected changes follow shifts in global oil prices and recent currency movements. With current tax rates, HSD’s ex-depot price could drop by nearly 4 percent, though the exact figure will be confirmed after final calculations. Petrol prices, in contrast, are forecast to rise by around 0.5 percent.
Over the last fortnight, global petrol prices inched up by 15 cents per barrel, whereas diesel prices fell by $4.5 per barrel. A slight gain in the rupee’s value against the dollar has also helped ease diesel costs.
At present, petrol is priced at Rs264.61 per litre after a Rs7.54 cut on August 1, which came following a total Rs20 hike over four consecutive adjustments since May 15.
Petrol is commonly used in private cars, motorcycles, rickshaws, and small vehicles, making its price a key concern for middle- and lower-middle-income households.
HSD currently sells for Rs285.83 per litre, having risen by Rs27 per litre since mid-May, despite a small Rs1.48 cut earlier this month.
Prices of kerosene and light diesel oil (LDO) are also expected to drop by Rs6 and Rs7 per litre, respectively.