High-speed diesel (HSD) prices are likely to drop by around Rs. 11.50 per litre, while petrol could see a marginal rise of Rs. 1.40 per litre for the next fortnight starting August 16. These changes are mainly due to ups and downs in international oil prices and recent movements in the exchange rate.
With current taxes, the HSD price is likely to fall by nearly 4%, but the exact number will be decided at the last moment. Petrol, on the other hand, is expected to rise by about 0.5%.
Right now, petrol sells for Rs. 264.61 per litre after a Rs. 7.54 cut on August 1. This came after a total Rs. 20 per litre increase over the previous four price updates since May 15. Petrol is widely used in cars, motorcycles, rickshaws, and small vehicles, so even small changes affect household budgets.
HSD currently costs Rs. 285.83 per litre, after going up by Rs. 27 per litre since mid-May, despite a small Rs. 1.48 cut earlier this month.
Kerosene and light diesel oil (LDO) prices are also likely to drop — by Rs. 6 and Rs. 7 per litre, respectively.
| Fuel Type | Current Price (Rs./Litre) | Change (Rs./Litre) | New Price (Rs./Litre) |
|---|---|---|---|
| Petrol | 264.61 | +1.40 | 266.01 |
| High-Speed Diesel (HSD) | 285.83 | -11.50 | 274.33 |
| Kerosene | — | -6.00 | — |
| Light Diesel Oil (LDO) | — | -7.00 | — |